Turkey plans to launch state backed "crypto lira" currency next year

posted 9 months ago
Turkey’s state-backed digital asset, the crypto lira or digital lira is scheduled for launch next year. The move has the potential to bring about a heightened interest in government-backed or other large-scale digital coin launches, by various other countries/corporations.

The decision arrives after months of price weakness for the original lira. Turkey may be joining China in minting a new type of asset, a large-scale national crypto coin.
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