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Turkey makes progress with digital lira

December 30, 2022 By Crypto Reporter

The Central Bank of Turkey (CBRT) announced yesterday that it had completed the first set of tests for its long-planned digital currency.

Image via Unsplash

Turkey’s central bank successfully carried out the first payment transactions on its central bank digital currency (CBDC) network as part of an initial test phase.

“The CBRT will continue to run the limited, closed-circuit pilot tests with technology stakeholders in the first quarter of 2023. Findings obtained from these tests will be shared with the public via a comprehensive evaluation report,” the bank said in the statement.

In 2023, the Turkish digital lira will move to advanced stages where the central bank will conduct pilot tests with broad participation, including banks and financial technology companies.

More news:

  • U.S. second-oldest State Street bank to focus on digital finance 
    U.S. second-oldest State Street bank to focus on digital finance 
    June 23, 2021
  • El Salvador passes a digital assets law paving the way for bitcoin bonds
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    January 14, 2023
  • Foreign visitors to China will be able to use the digital yuan without a local bank account
    Foreign visitors to China will be able to use the digital yuan without a local bank account
    July 26, 2021
  • China to give out $6.2 million in digital yuan to Beijing residents in continuous trial
    China to give out $6.2 million in digital yuan to Beijing residents in continuous trial
    June 9, 2021

Filed Under: General News, Latest News, News Tagged With: digital lira, news, Turkey

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