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

Cointelegraph

Published Sep 15, 2021 09:31AM ET

Updated Sep 15, 2021 11:20AM ET

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.

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