Vice President Cevdet Yılmaz said today that crypto exchanges in Turkey will be included in the scope of regulation.
The next 3-year roadmap of the economy was announced by the President today. Medium Term Program It was clear with. Vice President Cevdet Yılmaz, in the context of this program Cryptocurrency asset trading exchanges / platforms will be included in the scope of regulation. stated but hasn’t given any details yet on how that will happen.. In addition, it was stated that the Digital TL works continue today by the President, It has been reported that the calendar for this project will be announced separately.. An important step has been passed for the Digital Turkish Lira (DTL) in the past months. Central Bank of the Republic of Türkiye, from its official site The following sharing for the first payment transactions had passed: “Within the scope of the first phase studies of the Digital Turkish Lira Project, which is being carried out under the leadership of the Central Bank of the Republic of Turkey (CBRT), The first payment transactions on the Digital Turkish Lira Network were carried out successfully. In the first quarter of 2023, the CBRT will continue its narrow-scope and closed-circuit pilot tests, which it conducts together with technology stakeholders. The findings obtained as a result of the tests will be shared with the public in a comprehensive evaluation report.
The Digital Turkish Lira Collaboration Platform will be expanded in 2023 with the participation of selected banks and financial technology companies. and advanced phases where large-scale pilot tests will be carried out. In this context, tests of unique architectural constructs designed on issues such as the use of distributed ledger technologies in payments ecosystems and their integration with instant payment systems will continue. Studies on the legal dimension of the Digital Turkish Lira show that digital identification is of critical importance for the project. Therefore, throughout 2023, priority will be given to studies on the economic and legal framework of the Digital Turkish Lira as well as its technological requirements.”
It is also among the targets set in the Presidential Annual Program for 2023. DTL The following has been mentioned before: “In line with the second phase pilot findings of the Central Bank Digital Turkish Lira Research and Development Project, tests for the use of Digital Turkish Lira for payments will be started. Digital Turkish Lira Integration studies of digital identity and FAST (Instant and Continuous Transfer of Funds) systems within the scope of research and development will be completed. Within the scope of wholesale digital currency studies, research, development and testing activities will be carried out with banks.