Erdogan to Order CBDC Test to be Finished in 2020

Strengthening financial sector infrastructure is one of the key goals of upcoming digital lira
06 November 2019   174

Turkish President Recep Tayyip Erdogan instructed the government to complete pilot tests of the digital lira from the central bank in 2020, the Cointelegraph reports citing Resmi Gazete.

Among the goals of the Turkish CBDC are:

  • strengthening financial sector infrastructure;
  • reduction of financing costs of the real sector of the economy;
  • expansion of financial instruments for investors;
  • supporting Istanbul's desire to become an attractive global financial center.

Earlier, the country's authorities announced the creation of a national blockchain platform.

French Gendarmerie to Use Tezos Blockhain

Gendarmerie Cybercrime Division (C3N) is "validating judicial expenses" with Tezos blockchain
21 November 2019   57

The French Gendarmerie Cybercrime Division (C3N) uses the Tezos blockchain. The agency launched its first smart contract in September.

According to a press release, C3N uses blockchain to control the costs incurred during investigations.

Debuting on the Tezos network, this is one of the first examples of a government entity using a smart contract for operational purposes. The new program allows C3N to acquire cryptocurrency from Europol-allocated funds in order to cover operational costs.

Nomandic Labs

The new program also allows C3N to purchase cryptocurrency with funds allocated by Europol to cover operating expenses.

The statement noted that the smart contract was specifically designed so that C3N confirms costs without the risk of disclosing operational activities and problems for ongoing investigations.