Turkey’s Central Bank launches Digital Turkish Lira Collaboration Platform

The Central Bank of Turkey is currently doing research on CBDCs in collaboration with other Fintech players. And they aimed to announce CBDCs issuance by 2022.

Bitcoin and blockchain both are at tremendous levels and every financial institution is planning to go with blockchain technology because they know very well that if they will not adopt the trend then surely they will lag behind the world’ growth. And now Turkey’s govt is worried about the blockchain technology adoption, whether to adopt or not, they will now do research whether they should bring their own CBDCs or not.

The Central Bank of Turkey launched the Digital Turkish Lira Collaboration Platform. This platform will do research on Central Bank Digital Currency (CBDCs) in every aspect.

First of all researchers will research the possible benefits that can be grabbed through the Central Bank Digital Currency. And after that they will decide whether they will launch Turkey’s CBDCs or not. And they expect that they will reach at the final decision by 2022.

In the “Central Bank Digital Turkish Lira Collaboration ” there are two participants, which will help in the research and also will help in the CBDCs issuance.

These two entities are TÜBİTAK-BİLGEM (software and systems firm Havelsan and science and technology center) & Aselsan defence Company.

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