Türkiye has efficiently executed its first fee transactions on the Digital Turkish Lira Network, the Central Bank mentioned on Thursday.
The financial institution mentioned it is going to make the digital lira platform obtainable to chose banks and monetary know-how corporations in 2023, in addition to “unveil advanced phases of the pilot study that will further widen the participation.”
“Studies on the legal aspects of the Digital Turkish Lira demonstrate that digital identification is of critical importance for the project,” learn a financial institution assertion.
“Therefore, studies on the economic and legal framework of the Digital Turkish Lira as well as its technological requirements will be prioritized throughout 2023.”
