Turkish Central Bank signs digital currency deal
ANKARA
The Turkish Central Bank has signed an agreement with the defense and technology companies Aselsan and Havelsan, and the Scientific and Technological Research Council of Turkey (TÜBİTAK) for the research, development and testing processes of a potential digital book Turkish.
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In a September 15 statement, the Central Bank of the Republic of Turkey (CBRT) said it “continues to research the potential benefits of introducing a digital Turkish lira to complement the existing payment infrastructure.”
As part of the MoU, the Turkish Lira digital collaboration platform was established, the statement said.
“In light of the results of the first phase, which involves preliminary testing of strategic and critical technologies related to the project, the plan is to expand the platform with the participation of new participants,” he said.
For the first phase, the bank will create a prototype of Digital Turkish Lira Network and carry out limited tests with technological players.
“Based on the results of these tests, CBRT will unveil the advanced phases of the pilot study that will reflect wider participation.
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“The CBRT also plans to carry out tests that could diversify the coverage of the Digital Turkish Lira R&D project in areas such as blockchain technology, the use of distributed ledgers in payment systems and integration with payment systems. instant, ”he said.
With the results of the first phase expected in 2022, there is no final decision yet on the issuance of digital Turkish lira, the bank noted.