Nigeria’s CBDC pilot is now the second largest behind China’s digital yuan, and aims to digitise payments and increase financial inclusion in Africa's most populous country.
The monetary authority will collaborate with technology stakeholders to establish the ‘Digital Turkish Lira Collaboration Platform’ to facilitate the research and development of a CBDC.
Turkey’s unregulated crypto market has come under closer scrutiny by the government, as it begins to tighten restrictions and float a tax regime.
The announcement by Central Bank chief Naci Agbal puts Turkey on the fast track to adopting a central bank digital currency (CBDC).
How are governments adapting to disruptive digital currencies like bitcoin and blockchain payment systems?
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