Blockchain for Banking News

Turkey partners with tech defense firms in CBDC research

turkish lira

Yesterday, the Central Bank of the Republic of Turkey (CBRT) announced it signed agreements with several institutions to set up its Digital Turkish Lira Collaboration Platform as part of the next stage of its central bank digital currency (CBDC) research.

All three partner organizations are based in Turkey and deliver services to the Turkish Armed Forces. These are the defense corporation Aselsan, software tech firm Havelsan and government Information Security Research Center, Tubitak Bilgem.

“The technological research, development and testing processes of the Central Bank Digital Turkish Lira R&D Project will be carried out in close collaboration with these technology stakeholders,” stated the announcement.

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