Tunisian Central Bank Denies Reports of an ‘E-Dinar’ Digital Currency
Helen Partz's original article for cointelegraph.com reduced by 52%
The Central Bank of Tunisia has denied reports stating that the bank is developing a central bank digital currency. An official announcement from the BCT follows apparently false reports that Tunisia was the first country to start moving its national currency to a blockchain platform and was preparing to launch its "e-dinar." Central Bank of Tunisia is focused on the digitization of financeIn the statement, the BCT refuted all claims regarding the development of a digital money solution. The Central bank clarified that it is now exploring various methods of digital payment alternatives, including a possible CBDC, but it has not moved forward with its implementation.
"The BCT is currently focusing on the digitization of finance, in its digital currency dimension and not that on cryptocurrency. Its services are studying the opportunities and risks inherent in these new technologies, particularly in terms of cyber security and financial stability." Confusion regarding proof-of-concept at the Forex Club of TunisiaHowever, the bank admitted that the Forex Club of Tunisia - an event hosted by an "Independent association connected to the BCT" - has featured talks regarding CBDCs. The startup has "No moral or contractual relationship with the BCT," the bank emphasized.
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