There is a problem that has been talked about in Turkey since 2021. This issue”digital turkish lira“. The project, which was started in our country where cryptocurrency investors are concentrated, includes a digital version of the Turkish lira and the Central Bank of the Republic of Turkey (CBT) continued to work under his direction.

Now there is a remarkable development in this regard. The CBRT is on the network for digital transactions in Turkish Lira. first payment transactions declared successful. In other words, the digital Turkish lira has successfully passed the first tests. Authorities expect work to be carried out in 2023, by expanding the scope announced that they will continue.

The CBRT’s explanation of the digital Turkish lira is as follows:

“The Digital Turkish Lira Project, which is being conducted under the direction of the Central Bank of the Republic of Turkey (CBRT). first phase studies In this context, the first payment transactions on the Digital Turkish Lira Network have been successfully executed. The CBRT has participated in limited-range, closed-circuit pilot tests conducted with technology stakeholders. in the first quarter of 2023 to be continued. The results of the tests will be shared with the public in a comprehensive evaluation report.

The Digital Turkish Lira Cooperation Platform will be expanded in 2023 with the participation of selected banks and financial technology companies. large-scale pilot tests future phases will be implemented. In this context, tests of unique architectural constructs designed in areas such as the use of distributed ledger technologies in payment ecosystems and their integration with instant payment systems were evaluated. to be continued.

Research into the legal dimension of the Digital Turkish Lira shows that digital identity is crucial for the project. shows. For this reason, in 2023 we will continue to work on the economic and legal framework of the Digital Turkish Lira and the technological requirements. priority will be given“