central bank of turkey said test “Digital lira” CBDC will continue in 2023

Turkey’s central bank said Successfully completes the first payment transaction on the Digital Turkish Lira network as part of an early study.

The central bank will take action. It will continue its “limited pilot” in the first quarter of 2023 with plans to extend the Digital Turkish Lira cooperation platform to certain banks and financial technology companies.

The bank “will continue testing in areas such as utilizing distributed ledger technology in payment systems. and the integration of these technologies into instant payment systems,” the bank said in a statement.declaration

Studies on the Digital Turkish Lira’s economic and legal framework, as well as its technological requirements, will be prioritized throughout 2023, the bank added.

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