Blockchain for Banking News

Turkey plans to progress CBDC research in 2023, including wholesale

digital turkish lira currency

This week Turkey published its budget for 2023, and a small section was dedicated to central bank digital currency (CBDC) research. The budget states that “blockchain-based digital central bank money will be implemented.” 

However, it is not clear that a CBDC will launch in 2023, as the action items cover research and testing. However, a live payments pilot appears to be on the cards.

The three action points are:

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