Tunisian Central Bank Denies Reports of an ‘E-Dinar’ Digital Currency

Tunisian Central Bank Denies Reports of an ‘E-Dinar’ Digital Currency

The Central Bank of Tunisia (BCT) has denied reports stating that the bank is developing a central bank digital currency (CBDC). 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 finance
In 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 bank further stated:
“The BCT is currently focusing on the digitization of finance, in its digital currency dimension and not that on . Its services are studying the opportunities and risks inherent in these new technologies, particularly in terms of cyber security and financial stability.”
Regarding the purported partnership with a foreign company to deliver a CBDC, the BCT declared that it does not have such a relationship with any domestic or foreign firm.
Confusion regarding proof-of-concept at the Forex Club of Tunisia
However, 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. At the event, participants were offered to attend a demonstration on the theoretical feasibility of a digital currency initiated by a private startup. 
The startup has “no moral or contractual relationship with the BCT,” the bank emphasized. The BCT concluded that the proof-of-concept at the forum was taken out of context due to a marketing operation where the BCT’s name was improperly used. 
In the statement, the BCT also specified that it is preparing to launch a regulatory sandbox for technological innovations in the banking and financial sector in early 2020.
As previously reported by Cointelegraph, one of the first reports on the BCT’s alleged e-dinar was delivered by Russian news agency Tass on Nov. 7. The report said that the Tunisian dinar would be digitized and issued on the Universa Blockchain, a platform created by a Russian initial coin offering startup.

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