{"id":34022,"date":"2020-12-26T11:37:09","date_gmt":"2020-12-26T09:37:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34022"},"modified":"2025-08-28T16:40:44","modified_gmt":"2025-08-28T13:40:44","slug":"turkey-to-begin-testing-of-digital-currency-in-2021","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/turkey-to-begin-testing-of-digital-currency-in-2021\/","title":{"rendered":"Turkey to begin testing of digital currency in 2021"},"content":{"rendered":"<p>Pilot tests of Turkey&#8217;s national digital currency (CBDC) will begin in the second half of 2021, Naci A\u011fbal, head of the central bank, said, according to <a href=\\\"https:\/\/koinbulteni.com\/son-dakika-tcmb-baskani-naci-agbaldan-dijital-para-aciklamasi-89393.html\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Koin B\u00fclteni<\/a>.<!--more--><\/p>\n<p>Speaking to the Planning and Budget Committee of the Grand National Assembly of Turkey, he said:<\/p>\n<blockquote>\n<p>&#8220;A research and development project on digital currencies has been initiated. The conceptual phase has been completed. We plan to begin pilot tests in the second half of 2021.&#8221;<\/p>\n<\/blockquote>\n<p>The publication recalled that in early September the Turkish central bank&#8217;s Office of Financial Innovation posted a vacancy for ten experts for its CBDC R&#038;D group. It warned applicants that they could face questions in blockchain, big data, cryptology, container visualization, financial mathematics and digital signal processing.<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"tMbR6wSiio\\\">\n<p>What is central bank digital currency (CBDC)?<\/p>\n<\/blockquote>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u00ab\u0427\u0442\u043e \u0442\u0430\u043a\u043e\u0435 \u0446\u0438\u0444\u0440\u043e\u0432\u0430\u044f \u0432\u0430\u043b\u044e\u0442\u0430 \u0446\u0435\u043d\u0442\u0440\u043e\u0431\u0430\u043d\u043a\u043e\u0432 (CBDC)?\u00bb \u2014 ForkLog\\\" src=\\\"https:\/\/u1f987.com\/cryptorium\/chto-takoe-tsifrovaya-valyuta-tsentrobankov-cbdc\/embed#?secret=CIqmEYZqJv#?secret=tMbR6wSiio\\\" data-secret=\\\"tMbR6wSiio\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>In November 2019, President Recep Tayyip Erdo\u011fan instructed the government to complete the pilot tests of the digital lira in 2020.<\/p>\n<p>Earlier, the BIS <a href=\"https:\/\/u1f987.com\/en\/news\/bis-outlines-the-role-of-central-bank-digital-currencies\">named among the leaders<\/a> in CBDC development <a href=\"https:\/\/u1f987.com\/en\/news\/digital-yuan-payments-top-20000-jd-com-purchases-in-24-hours\">China<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/sweden-to-study-transition-to-digital-currency-within-two-years\">Sweden<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-canada-signals-potential-acceleration-of-cbdc-rollout\">Canada<\/a>.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pilot tests of Turkey&#8217;s national digital currency (CBDC) will begin in the second half of 2021, according to Naci A\u011fbal, head of the central bank, per Koin B\u00fclteni.<\/p>\n","protected":false},"author":1,"featured_media":34023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,920],"class_list":["post-34022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-turkey"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34022"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34022\/revisions"}],"predecessor-version":[{"id":34024,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34022\/revisions\/34024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34023"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}