GlobalNews

Global: Turkish Central Bank completes first CBDC pilot transactions

0
AF1098CA 40FB 4DA7 BC1C 263B286C7627
Share this article

The Central Bank of the Republic of Türkiye (CBRT) has run its first test transactions on the digital Turkish Lira CBDC network.

The CBRT says it will continue to run limited, closed-circuit pilot tests with technology stakeholders in the first quarter of 2023.

Following evaluation of the pilot, the central bank intends to extend the network to banks and technology companies and run architectural tests on the use of distributed ledger technologies and their integration with instant payment systems. 

The Bank says studies on the economic and legal framework of the Digital Turkish Lira as well as its technological requirements will be prioritized throughout 2023.

Share this article

Ghana: Debt Restructuring Threatens Ghanaian Banks Capital

Previous article

Kenya: Fintech Emerges as Kenya’s Most Prevalent Tech Startup Sub-Sector

Next article

You may also like

Comments

Comments are closed.

More in Global