CBDCJordan plans to legalize digital currency trading in the future.
in 2014 digital money Jordan, which was among the first countries to ban currency units, was the last country to have an interest in developing a central bank digital currency (CBDC).
It is currently being discussed that the feasibility of a digital dinar is being explored, although the country’s central bank is said to be able to legalize the government’s digital currency trading if appropriate regulations and guidelines are put in place.
According to reports from local media outlets, Adel Al Sharkas, Governor of the Central Bank of Jordan (CBJ), announced the CBDC plans at a recent meeting at the center of the digital currency debate.
Al Sharkas noted that the CBJ is looking to join countries like China and the Bahamas that have made significant progress in CBDCs.
Governor,
Regarding plans to issue a Jordanian digital currency, work is underway to develop a legal digital currency linked to the Jordanian dinar.
said.
The main agenda of the meeting, organized by the Lower House Economy and Investment Committee, was the future of digital currencies in the Middle East country.
Saying that the Central Bank does not have a special attitude towards Bitcoin, Al Sharkas stated that they are completely focused on protecting Jordanian investors. He stated that if this is achieved, they can support the legalization of digital currency trading.
“In the future, it is possible to allow cryptocurrency trading after enacting legislation and regulations.” Al Sharkas stated that they are also examining the possibility of having a national digital currency trading platform that will comply with all applicable financial regulations.