Turkey Joins China, India in Marking CBDC Milestones on Wider Scale Before 2022 Wraps Up

The Central Bank of the Republic of Turkey (CBRT), that started its CBDC trials earlier this year, has completed its first phase before the end of year 2022. Turkey’s CBDC is named the Digital Turkish Lira. The nation plans to continue the studies on the economic and legal framework around CBDCs next year.