On New Year’s Eve the Central Bank of the Republic of Turkey (CBRT) released a report on its first phase of central bank digital currency (CBDC) pilots. The central bank will conduct the second phase this year, after which it will decide whether to launch a digital lira.
Back in 2021, the central bank disclosed its technology partners as defense corporation Aselsan, software tech firm Havelsan, and government Information Security Research Center, Tubitak Bilgem.
The Turkish government considers digitalization a high priority with its young population – around half are under 35.
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