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    Home ยป Turkey develops its national cryptocurrency and introduces blockchain technology

    Turkey develops its national cryptocurrency and introduces blockchain technology

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    By BlockchainJournal on July 11, 2019 News
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    Turkey develops its national cryptocurrency and introduces blockchain technology

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    The Turkish authorities have included the launch of the state digital currency in the plan for the further development of the economy. This is stated in the statement of the government of the country, the authors of the so-called roadmap are the experts of the Central Bank of Turkey.

    The implementation of the innovation development program should be completed before 2024. In addition to launching cryptocurrency, the Turkish Central Bank wants to use blockchain technologies to automate the work of customs and logistics companies.

    In addition to the blockchain, the regulator plans to actively use artificial intelligence, including services for storing large amounts of information.

    According to the vice-president of Turkey, Fuat Oktay, the government has set itself the task of accelerating the work on introducing innovations to all sectors of the economy, special attention will be paid to energy and the efficiency of the state apparatus.

    Turkey has been considering launching its own digital currency since February 2018. However, while the government is skeptical about the prospects of a new asset, Ankara will not be in a hurry with the release of the token.

    Note that cryptocurrency trading is growing in Turkey. At the end of last year, the volume of bitcoin transactions jumped by more than 30%.

    Posted July 11, 2019
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