• Sat. Mar 25th, 2023



The Bank of Turkey will consider the possibility of launching CBDC in 2023


Sep 28, 2022

The Bank of Turkey will consider the possibility of launching CBDC in 2023

The program of the President of Turkey for 2023 contains a plan for preparing for the launch of a digital lira. https://gagarin.news/news/emirates-kicks-off-nf-ts-and-the-metaverse/ This is reported by Coindesk with reference to the management of the strategy and budget of the state.

The project was entrusted to the Central Bank, the Ministry of Finance and the Scientific and Technical Research Institute.

CBDC integrates with digital identification and payment system Fast regulator.

The Central Bank of Turkey will conduct research and development, as well as testing in cooperation with other banks.

CBDC will be based on blockchain.

Recall that in December 2020, the head of the Central Bank of Turkey at that time Naji Agni announced the testing of a digital lira in the second half of 2021.

In September 2021, President Recep Tayyip Erdogan said that the authorities were “conducting a separate struggle” with digital assets.

In May 2022, Bloomberg announced the development of legislation in Turkey, which will tighten control over the industry with the probable introduction of tax on some transactions.

Against the background of the devaluation of the lyre in the country, there is an increase in the popularity of cryptocurrencies.

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