Financial Crime World

Tunisia Denies Digital Currency Deal with Foreign Company, Clarifies Position on CBDC

Central Bank of Tunisia Quashes Rumors Surrounding Digital Currency Plans

The Central Bank of Tunisia (BCT) has issued a statement to clarify its stance on the adoption of digital currency solutions. The move comes after rumors began circulating that the bank was planning to partner with a foreign company to create a digital currency.

No Partnership or Agreement in Place

According to the BCT, it has not entered into any agreements or partnerships with service providers, local or foreign, to create a digital currency. The bank emphasized that its departments are currently studying the pros and cons of digital currencies, focusing on issues such as cyber security and financial stability.

Clarification on Recent Event

The rumors began circulating after a demonstration of a private startup’s digital currency concept was presented at the Tunisia FOREX Club event. However, the BCT clarified that it had no involvement in the project and that its name was used without authorization.

Official Stance on Digital Currencies

  • The BCT has not entered into any agreements or partnerships with service providers to create a digital currency.
  • The bank is studying the pros and cons of digital currencies, focusing on issues such as cyber security and financial stability.
  • Only official representatives are authorized to speak on behalf of the BCT regarding its position on digital currencies.

Looking Ahead: BCT-LAB and Regulatory Sandbox Initiatives

The BCT plans to launch its “BCT-LAB” and regulatory “Sandbox” initiatives early next year. These initiatives will focus on exploring technological innovations in the banking and financial sectors.

Conclusion

Tunisia’s clarification comes at a time when many countries are weighing the potential benefits and risks of issuing their own digital currencies. The BCT’s stance suggests that it is taking a cautious approach to this new technology, prioritizing careful consideration and consultation before making any decisions.