CryptoMediaClub
Sunday, September 14, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Turkey’s CBDC Pilot Project Moves to New Stage

21.02.2024
A A
0
126
VIEWS
ShareShare

The Central Bank of the Republic of Turkey (CBRT) reported on the successes of the first phase of the digital lira (CBDC) pilot tests and outlined the government’s plans for the further development of the digital state currency pilot project.

Turkey Reports on Successes of Digital Lira Pilot Project

Turkey’s central bank released an English version of the report on the first phase of the digital lira project. It was officially finalized late last year.

According to the document, the first phase of Turkey’s CBDC pilot project focused on the retail version of the digital currency. This included developing identification systems, a wallet for storage, and a service level for handling CBDC transactions.

The first phase emphasized ensuring the privacy of digital currency users and the possibility of programmable payments with CBDCs. The CBRT tested various smart contract templates that would accommodate credentials and payment interfaces. The report highlighted the CBRT’s aim to create a system that won’t harm the country’s economic processes or compete with existing financial products and services.

In the first phase, the CBRT developed an infrastructure for the digital lira with easily replaceable parts that work independently. The system runs on the Digital Turkish Lira Collaboration Platform, which the central bank developed specifically for the CBDC pilot tests in cooperation with the Scientific and Technological Research Council of Turkey (TÜBİTAK) and tech companies Aselsan and Havelsan.

In 2021, the first phase of the project started, and at the end of 2022, the first successful transactions with the digital Turkish lira were conducted.

The next phase of the CBDC project will be dedicated to:

  • exploring the possibilities of smart payments;
  • programming offline payments;
  • selecting intermediaries for digital currency transactions;
  • testing transactions through intermediaries’ mobile applications;
  • considering a number of legal and economic aspects of the introduction of the CBDC.

The document doesn’t specify the terms for implementing the second phase of Turkey’s CBDC pilot project.

By the way, the Turkish authorities are also actively drafting a law to regulate the crypto market in the country, which is scheduled to be completed this year.

Сообщение Turkey’s CBDC Pilot Project Moves to New Stage появились сначала на CoinsPaid Media.

Share10Tweet6ShareSharePin2

Related Posts

ETF Expectations and Whale Holdings Drive Up XRP and SOL Prices, With Cloud Mining Platform Quid Miner Becoming a New Focus
All news

ETF Expectations and Whale Holdings Drive Up XRP and SOL Prices, With Cloud Mining Platform Quid Miner Becoming a New Focus

14.09.2025
0

XRP and Solana (SOL) have recently become the most closely watched crypto assets in the market. The SEC has postponed...

Read moreDetails
Polymarket Targets $10B Valuation Amid Plans for US Relaunch

Polymarket Targets $10B Valuation Amid Plans for US Relaunch

13.09.2025
SAVVY MINING Has Launched a New XRP Mining Contract for XRP Enthusiasts

SAVVY MINING Has Launched a New XRP Mining Contract for XRP Enthusiasts

13.09.2025
RI Mining Unveils Next-Gen Contracts Aligned With Microsoft AI Push to Reshape Digital Infrastructure

RI Mining Unveils Next-Gen Contracts Aligned With Microsoft AI Push to Reshape Digital Infrastructure

13.09.2025
Analysts Debate Which Cryptocurrency to Invest In Before the Next BTC Halving and Eye MUTM’s $0.035 for Key Reasons

Analysts Debate Which Cryptocurrency to Invest In Before the Next BTC Halving and Eye MUTM’s $0.035 for Key Reasons

13.09.2025
Load More
Next Post
Terra Founder Do Kwon to be Extradited to the US, High Court Decides

Terra Founder Do Kwon to be Extradited to the US, High Court Decides

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

The CEO of Avalanche-based Web3 Social Platform Stars Arena Steps Down

2 years ago

57-Year-Old Las Vegas Resident Charged for Alleged Participation in $45M CoinDeal Scam: DOJ

2 years ago
Ordinals and BRC-20 will disappear in a matter of months, JAN3 CEO says

Ordinals and BRC-20 will disappear in a matter of months, JAN3 CEO says

2 years ago
The changing landscape of Bitcoin futures and options markets

The changing landscape of Bitcoin futures and options markets

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

RI Mining Unveils Next-Gen Contracts Aligned With Microsoft AI Push to Reshape Digital Infrastructure

Analysts Debate Which Cryptocurrency to Invest In Before the Next BTC Halving and Eye MUTM’s $0.035 for Key Reasons

Dogecoin ETF Launch Sparks Investor Rush to DOT Miners

Inside AI Crypto Trading: Coinbase AgentKit, Lit’s Hustle, Vincent, and x402 Onchain Rails

Dogecoin Price Prediction: ETF Launch Could Spark Meme Supercycle – Will DOGE Be the First to Fly?

China’s DeepSeek AI Predicts the Price of XRP, Pi Coin and Solana by the End of 2025

Trending

ETF Expectations and Whale Holdings Drive Up XRP and SOL Prices, With Cloud Mining Platform Quid Miner Becoming a New Focus
All news

ETF Expectations and Whale Holdings Drive Up XRP and SOL Prices, With Cloud Mining Platform Quid Miner Becoming a New Focus

14.09.2025
0

XRP and Solana (SOL) have recently become the most closely watched crypto assets in the market. The...

Polymarket Targets $10B Valuation Amid Plans for US Relaunch

Polymarket Targets $10B Valuation Amid Plans for US Relaunch

13.09.2025
SAVVY MINING Has Launched a New XRP Mining Contract for XRP Enthusiasts

SAVVY MINING Has Launched a New XRP Mining Contract for XRP Enthusiasts

13.09.2025
RI Mining Unveils Next-Gen Contracts Aligned With Microsoft AI Push to Reshape Digital Infrastructure

RI Mining Unveils Next-Gen Contracts Aligned With Microsoft AI Push to Reshape Digital Infrastructure

13.09.2025
Analysts Debate Which Cryptocurrency to Invest In Before the Next BTC Halving and Eye MUTM’s $0.035 for Key Reasons

Analysts Debate Which Cryptocurrency to Invest In Before the Next BTC Halving and Eye MUTM’s $0.035 for Key Reasons

13.09.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz