Jordan considers launching a CBDC

by in Cryptocurrency News

Jordan

The list of states wishing to issue a CBDC is constantly growing.

Some central banks have already started testing their tokens. Now Jordan has begun to move in the same direction.

As conceived by the Central Bank of the country, the CBDC will be pegged to the Jordanian dinar. The head of the regulator, Adel al-Sharkas, told reporters that the CB has not yet decided on the creation of a digital currency, but it is already assessing the potential of such an instrument.

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In addition, Sharkas did not rule out the legalization of bitcoin and other virtual currencies, but Jordan will not rush to implement the relevant legislation.

He emphasized: "In terms of plans to issue a Jordanian digital currency, research is currently underway to develop a token pegged to the Jordanian dinar. In the future, it is possible to allow trading in cryptos after the adoption of regulations."

The Jordanian authorities are considering options for creating a single licensed platform for trading digital currencies. Its users will be protected from fraudsters, and the state will be able to control the movement of funds.