• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Jordan’s Governing Bank Discloses CBDC Plans

by CBDC Insider
February 1, 2022
in Asia, Business
Reading Time: 1min read
0
Jordan’s Governing Bank Discloses CBDC Plans
Share on FacebookShare on Twitter

The Central Bank of Jordan (CBJ) is currently looking into issuing a central bank digital currency (CBDC). CBJ governor Adel Al Sharkas also stated that in addition to introducing a digital currency, the country might allow crypto trading. However, the CBJ governor added that for that to take place, appropriate legislation needed first to take root.

“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.”

Sharkas’ comments were made during one of the meetings dedicated to implementing digital currencies in Jordan. Furthermore, the CBJ governor’s comments also came on the heels of Khair Abu Salik’s warnings. The Economic and Investment Committee chairman of Jordan’s Lower House advised against the country dabbling into crypto.

Sharkas’ pointed out that the Jordanian government banned crypto trading to protect investors from ill-advised crypto schemes. However, the purpose of the new ongoing sessions was to deliberate on how best to implement crypto trading while protecting investors simultaneously.

RELATED STORIES

UAE Central Bank Launches ‘The Digital Dirham’ CBDC Strategy

UAE Central Bank Launches ‘The Digital Dirham’ CBDC Strategy

March 24, 2023
Adopting CBDC Could Destabilize Banks, Help Households, US Treasury Study Says

Adopting CBDC Could Destabilize Banks, Help Households, US Treasury Study Says

March 24, 2023

REad more

Previous Post

Bank of Jamaica To Deploy 230 Million Jamaican Dollar CBDC by March

Next Post

Britcoin is Coming. The Treasury is Woefully Underprepared

Next Post
Britcoin is Coming. The Treasury is Woefully Underprepared

Britcoin is Coming. The Treasury is Woefully Underprepared

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register