Central Bank of Jordan reveals CBDC plans

By  (contrib. Fatstack)
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Jordan's Central Bank governor expects cryptocurrency trading to be eventually permitted in Jordan once the appropriate legislation is in place.

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The Central Bank of Jordan (CBJ) has revealed that it is researching the issuance of a digital currency. The central bank digital currency (CBDC) would be linked to the Jordanian dinar and have legal standing.

Adel Al Sharkas, the governor of CBJ, has reportedly stated that his institution is researching the option of creating a legal digital currency. He also predicted that cryptocurrency trading might eventually be permitted in Jordan once the appropriate legislation is in place. He said:

“With regards to the plans to issue a Jordanian digital currency, a study is underway to develop a legal digital currency linked to Jordanian dinar. It is possible in the future to allow cryptocurrency trading, after enacting [the] legislation and regulations.”

Per the report, Sharkas' comments were made during a meeting dedicated to discussing digital currencies. The comments followed Jordan's Lower House Economic and Investment Committee chairman Khair Abu Salik's warnings about the dangers of cryptocurrency trading. . . .