Turkey has just announced that the country is considering a centrally controlled cryptocurrency through the Central Bank of the Republic of Turkey (TCMB). The plan was revealed the 11th national development plan unveiled by the vice president of the country Fuat Oktay, state-owned media reports. The development plan covers the Turkish national plans for development in various sectors including finance and technology through the year 2019 to 2023. The need for Turkish CBDC The report reveals that the Turkish government is keen on developing a blockchain distributed ledger based digital currency that would allow the country to stay at par
