Turkish central bank taps local tech firms for digital currency R&D

Turkish central bank taps local tech firms for digital currency R&D

The Central Bank of the Republic of Turkey (CBRT) has made a major step forward with a research and development project that could see the Turkish lira go digital. On Wednesday, CBRT announced the signing of memoranda of understanding with three domestic research and technology companies that will form the “Digital Turkish Lira Collaboration Platform.” The pool of participants is expected to expand as the project moves forward. The three original technology stakeholders are Aselsan, a major defense corporation, Havelsan, a software and systems developer operating in the defense and IT sectors, and TÜBİTAK Informatics and Information Security Research Center. Project participants will aid CBRT in developing and testing the prototype digital lira network. While the announcement does not clarify the technological infrastructure underlying the project, it mentions the possibility …
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