Türkiye is working on issuing a national digital currency based on blockchain technology. Resmi Gazete,Turkey's official journal published a document on Monday claiming that testing of the digital lira should be completed by the end of 2020.
The digital lira will be issued under the guidance of the country's central bank to strengthen Turkey's economy.
The main goal is to create financialsectors with a strong institutional structure that could meet the financing needs of the real sector at low costs, and also offer various financial instruments to a wide base of investors through reliable institutions, – the document says.
China is expected to launch soon.own digital currency. And last week, an association of more than 200 German private banks expressed a desire to create a digital euro. The US Federal Reserve is also obviously exploring how to integrate digital currencies into its calculations, as it is in search of a manager to implement the initiative.
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