Türkiye has a leading position in the world in the field of crypto money. This situation creates interest in this field for public administration. The government is taking new steps, especially on issues such as Blockchain and central bank digital currency (CBDC). It is possible to see the reflections of this in the last Development Plan.
Development plan emphasized Blockchain and CBDC
Yesterday, Turkish Grand National Assembly Planning and Budget Commissiona 12th Development Plan They had meetings. Vice President Cevdet Yılmaz the said He made a presentation about the plan. In the plan, D in the field of new technologydigital Turkish Lira and blockchain technology also stood out. one2nd Development Plan, vMany topics range from secure processing of data to the ability to purchase securities with CBDCs.It handles it. cryptokoin.comAs you follow from , Turkey has been working on a CBDC since last year. In this direction, 12th Development Planin n “blockchain “It is expected that the use of digital currencies developed based on technology by central banks will become widespread.”It works. P.damn, Blockchaintechnology now dominates financial markets in transformedHe underlines. In this context, the plan emphasizes the following points:
Blockchain technology, which allows distributed data to be presented more securely and transparently, is expected to be used more widely in many areas, especially data protection. Technology is developing and the speed of communication tools is increasing. This increases the efficiency of services in financial markets at a high rate. The digitalization process and the way financial technology companies do business are transforming financial markets by increasing efficiency. It is expected that the use of digital currencies, especially those developed based on Blockchain technology, by central banks will become widespread.
The 12th Development Plan states that the development of Digital Turkish Lira (DTL) will continue. He also emphasizes that studies will be carried out to eventually make it available and widespread. In addition, it is noted that studies on clearing securities transactions with CBDC are continuing.
What is a Central Bank Digital Currency (CBDC)?
Central bank digital currencies (CBDCs) are a type of digital currency issued by a country’s central bank. They are similar to cryptocurrencies except that their value is fixed by the central bank and is equivalent to the country’s fiat currency. Many countries are developing CBDCs. Some have even put them into practice. Many countries are exploring ways to transition to digital currencies. So it’s important to understand what they are and what they mean for society.
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