Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network

Central Bank of Turkey Reports First Payment Transactions on Digital Lira NetworkThe Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2023 and plans to invite banks and fintech companies to join the trials. Turkey to Widen Participation in Digital Lira Project, Focus […]

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Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings

Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own SavingsOn Dec. 17, reports detail that residents in Lebanon have been staging sit-ins and protests at banks in order to access their own savings accounts. Since the economic collapse in 2019, Lebanon’s banks froze Lebanese bank accounts, and a number of branches have remained closed indefinitely. The deprivation of wealth has caused a few impoverished […]

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Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed

According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and non-alcoholic beverages were some of the product categories that contributed to the overall rate increase. Transportation Costs Rose the Most Turkey’s consumer inflation […]

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Turkish Referee Flips Bitcoin at Istanbul Derby Kick-Off, Soccer Authority Launches Probe

Turkish Referee Flips Bitcoin at Istanbul Derby Kick-Off, Soccer Authority Launches ProbeA soccer referee’s decision to toss a bitcoin before the start of a recent match between Istanbul giants Beşiktaş and Fenerbahçe has sparked controversy in Turkey. The country’s football authority is trying to establish why a crypto coin was used for the ritual when that role should have been reserved for the Turkish lira. Bitcoin […]

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Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New Platform

Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New PlatformThe Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will allow Turkey to focus on expanding research and conducting tests of the prospective digital lira. Turkey Sets Up Digital Lira Collaboration Platform The Central Bank […]

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Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration

Binance Now Lets Users in Turkey Deposit and Withdraw Turkish Lira Directly via Akbank IntegrationThe competition for the Turkish cryptocurrency market appears to be heating up as Binance is the latest platform to launch a banking integration for the Lira (TRY). The global digital asset exchange is now open to direct transactions of local fiat from Akbank, one of the largest banks in Turkey. Also Read: Blockchain.com Launches Full […]

The post Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration appeared first on Bitcoin News.

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