in April of 2021 cryptocurrencies The regulation on the use of payments in payments entered into force after being published in the Official Gazette.
After the ban on the use of cryptocurrencies as an indirect or direct payment instrument, all countries of the world have their own digital money also in Turkey against the removal efforts. digital lira talk had begun.
The President of the CBRT stated that the studies on digital currencies are continuing intensively.
There has been a new development regarding the ongoing digital lira studies in our country today.
Presidency of the Republic of Turkey published its Annual Program for 2023 in the Official Gazette today.
According to this program, paid steps towards inflation, monetary policy and financial markets will continue to be taken in 2023.
The digital lira, which continues to work as a part of the monetary policy, has reached the testing phase.
According to the program announced by the Presidency, the Central Bank Digital Turkish Lira In line with the second phase pilot findings of the Research and Development Project, tests for the use of the Digital Turkish lira for payments will begin next year, in 2023.
According to the program, integration studies of digital Turkish lira systems with payment and banking systems will be completed within the scope of research and development.
Within the scope of the renewed “Currency Swap Agreement” between the CBRT and the Central Bank of China, practices similar to providing companies with Chinese yuan rediscount credits will also be applied to countries with intense financial and commercial relations with Turkey.
Another remarkable point in the broadcast program was that the “Regulation Experiment Area and Industry Experiment Area” will be created, which will support the formation of a secure financial technology ecosystem that provides equal opportunities for international financial technology companies.
Finally, it was stated that “Istanbul Finance and Technology Base” will also be established following the launch of the Istanbul Financial Center.
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