Tunisia Denies Reports of Central Bank Digital Dinar

 

 

 

 

 

 

Russian media outlet Tass recently reported that the Central Bank of Tunisia (BCT) was preparing to launch its own blockchain-based digital currency. In a press release, the bank has denied those claims, including reporting that suggested that it had partnered with blockchain firm Universa and planned to host its digital dinar on that company’s blockchain.

“Following rumors about the adoption by the Central Bank of Tunisia (BCT) of a digital money solution and its commitment with a foreign company for the implementation of this solution, the BCT refutes all these allegations and unfounded information.”

According to the BCT, its efforts are focused on digitation of its finance system and economy, but those efforts are still in the study phase. The bank’s statement also noted that any study of digital currency does not involve a state-backed cryptocurrency. As DCEBrief reported on November 9th, the Tass report did note that the rumored Tunisian digital dinar would not be a cryptocurrency.

The central bank also confirmed that it has not “engaged any relationship, of any kind, with any national or foreign provider with the aim of creating any digital currency” and emphasized that its official representatives are the only persons authorized to speak on its behalf or explain BCT’s position on new technologies.

The bank did acknowledge that the reports may have been due to a misunderstanding of BCT’s participation at the Forex Club of Tunisia, which included discussions of central bank digital currencies. That gathering also featured a digital currency proof-of-concept. According to BCT, “This test of POC (Proof of concept) was taken out of context becoming a marketing operation where the name of the BCT was improperly used.”

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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