Tunisia’s Central Bank Denies Reports Claiming It Issued an E-Dinar – CoinDesk

CoinDesk

The Central Bank of Tunisia is denying reports that it has launched a digital currency.

In a sweeping rejection published this week the central bank quashed “unfounded” rumors that it had become the first monetary authority to issue a central bank digital currency (CBDC), asserting instead that an unaffiliated “proof of concept” project was taken “out of context:”

“The [Central Bank of Tunisia] has not engaged any relationship, of any kind, with any national or foreign provider with the aim of creating any digital currency.”

It did admit that it is considering a CBDC, as it says it is studying “all existing alternatives.” But there are no immediate plans for an E-Dinar to go live. “The bank is studying the opportunities and risks inherent in these new technologies, particularly in terms of cyber security and financial stability.”

Last week, Russia’s state-owned Tass news agency reported the Central Bank was partnering with the Universa Blockchain to develop and issue a digital currency. The announcement was claimed to have come at a FOREX Club Tunisia event.

Binance Banner  

But the Central Bank said that no announcement was ever made. Instead, it pointed to a CBDC test project demonstration at the FOREX event at the root of the misunderstanding.

“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.”

Universa’s CEO Alexander Borodich also presented the project at the Malta AI & Blockchain Summit in Malta last week. Borodich hadn’t responded to CoinDesk’s request for comment by press time.

Universa, which raised $28.8 million during an ICO in 2015, has been mired in a scandal in Russia. In March 2018, Universa community manager Artur Lipatov wrote a Facebook post saying that Universa’s blockchain could not power smart contracts, the company’s operations were in trouble, and that he was leaving – that post is now unavailable.

The statement dropped Universa’s token value by 20% from $0.037 to $0.03 and Borodich sued his former employee for $15,500 for defamation.

Tunisia earlier showed some mild interest to the blockchain tech. In 2015, the country’s Ministry of Communication Technologies posted a job opening for an intern with blockchain knowledge. The same year, Tunisia’s postal service reported trialing a crypto-powered payment app.

Coinbase Banner  

The country remains open to experiments with the tech, according to today’s statement.

Tunisian flag image via CoinDesk archives

Go to Source
Author: Danny Nelson


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.