CYCE Project Takes Place on the Agenda With Its New Investment

The cryptocurrency industry is showing itself by making progress around the world. Turkey also stands out by taking a large share of this growth. However, it is interesting that there is still no clear regulation on this issue in Turkey. When the CYCE project was on the agenda with its new investment, the situation began to be examined.

• -It has been observed that the leading names of the sector also participated in the meetings held in the Turkish Parliament recently.
• -During these discussions, the CYCE project officials who took part in the meeting faced backlash from the crypto community. However, the CYCE project has started to work on finding a solution to global warming. One of the most important of these studies, investment in renewable energy sources and electric vehicle charging stations is observed as one of the important steps in global warming.

CYCE Company Engages in Cooperation with Turkey Against Global Warming

CYCE made some important statements and stated that they will make progress towards a solution to global warming in Turkey. For this reason, it was revealed that connections with Turkey were established for the signing of some agreements. The events that took place according to the latest situations are listed below:

• -CYCE company made a statement on this issue on its Twitter account. In this statement, CYCE received an investment of 300 million ₺ (US$ 20 million) and proceeded to sign an agreement with Turkey on the subject. Particularly, it cooperated with the Governorship of Bayburt on the allocation of land for the reactor production facility of the charging stations to be located in Turkey. The details on the subject continued until the agreement was signed.
• -The company CYCE, which is advancing to reduce carbon emissions, is ready to make some progress on the subject in Turkey. It was one of the news that shook the agenda that CYCE, which started its plans especially to stop global warming, recently provided such a large amount of investment at the head of the Central Bank of the Republic of Turkey. The CYCE team expressed their gratitude to the authorities from Turkey and brought themselves to the fore on the subject. He also conveyed his special thanks to Sahap Kavcıoğlu, Cüneyt Epcim, and GENAR Research Chairman İhsan Aktaş, showing that the work with Turkey continues.
• -The news was shared by many users on Twitter, so people began to wonder about the accuracy of this news. For this reason, the Governor of Bayburt later confirmed that there was such a study. With this investment, the company has announced that they will move forward to establish a facility in Bayburt.

Following these developments, Turkish President Recep Tayyip Erdogan announced that a support package worth 300 million ₺ (20 million USD) was on the agenda. Also for super fast-charging stations in the statement, they have made. The President also stated that they had a meeting with Elon Musk 1 month ago.