Turkish President Recep Tayyip Erdogan said that the government will complete the testing of crypto-currencies from the Central Bank of Turkey in 2020. The government also plans to develop a special platform for the instant payments with the digital Lira.
According to the launch of the digital Lira is part of a project to strengthen the country’s economy. Digital Lira will help to strengthen Turkey’s influence in the international arena. The Turkish government wants to turn Istanbul into a major financial centre with great deals for investors.
In September 2019, the government of Turkey announced its plans to establish a national blockchain infrastructure with the aim of introducing technologies in the public administration.