Turkey plans to launch CBDC in 2021

The head of the Central Bank of Turkey announced the launch of a pilot project. Information appeared on Friday, December 25, 2020

In December, the conceptual phase of the digital currency development was completed. According to Nasi Ağbal, the launch of the digital Turkish Lira will take place in the second quarter of 2021.

Turkey rarely discloses its plans for cryptocurrencies. The country can make a quick leap forward if the CBDC is launched.

Turkey, Sweden, China, and Bahamas will be among the countries that launched the pilot project.