Hello everyone, today I will list the CBDC developments in Turkey chronologically. First, a working group was established by the Central Bank of the Republic of Turkey (CBRT) in November 2019 to start CBDC research. In February 2020, CBRT and TÜBİTAK signed a cooperation protocol for the development of CBDC. The first CBDC pilot application was carried out in December 2020. In September 2021, the Central Bank of the Republic of Turkey announced that it had started to develop the technical infrastructure of CBDC. In July 2022, CBRT prepared the draft legislation of CBDC. By December 2022, it expanded CBDC pilot applications and started testing different payment scenarios. In February 2023, the technical infrastructure of CBDC was completed and the results of the pilot applications were announced. By April, CBDC was used publicly for the first time. In the first week of July, the cryptocurrency law officially came into force. I will convey the developments in countries regarding crypto currencies. Keep supporting me!
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