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Blockchain Certification

Tunisia’s Central Lender Denies Reports Claiming It Issued an E-Dinar


The Central Financial institution of Tunisia is denying reports that it has released a digital forex.

In a sweeping rejection posted this week the central financial institution quashed “unfounded” rumors that it experienced turn out to be the very first monetary authority to concern a central financial institution digital currency (CBDC), asserting instead that an unaffiliated “proof of concept” job was taken “out of context:”

“The [Central Bank of Tunisia] has not engaged any connection, of any form, with any national or international service provider with the purpose of creating any digital currency.”

It did admit that it is looking at a CBDC, as it suggests it is finding out “all present alternatives.” But there are no fast ideas for an E-Dinar to go live. “The financial institution is studying the alternatives and threats inherent in these new technologies, specially in terms of cyber security and money steadiness.”

Previous week, Russia’s condition-owned Tass information agency claimed the Central Financial institution was partnering with the Universa Blockchain to create and problem a digital currency. The announcement was claimed to have come at a Forex trading Club Tunisia celebration.

But the Central Financial institution mentioned that no announcement was at any time made. Rather, it pointed to a CBDC examination job demonstration at the Forex trading celebration at the root of the misunderstanding.

“This test of POC (Evidence of principle) was taken out of context becoming a marketing operation where the identify of the BCT was improperly utilized.”

Universa’s CEO Alexander Borodich also introduced the venture at the Malta AI & Blockchain Summit in Malta very last week. Borodich hadn’t responded to CoinDesk’s request for remark by push time.

Universa, which raised $28.8 million in the course of an ICO in 2015, has been mired in a scandal in Russia. In March 2018, Universa group manager Artur Lipatov wrote a Fb submit indicating that Universa’s blockchain certification could not power clever contracts, the company’s operations were in hassle, and that he was leaving – that post is now unavailable.

The assertion dropped Universa’s token price by 20% from $.037 to $.03 and Borodich sued his previous staff for $15,500 for defamation.

Tunisia earlier showed some moderate interest to the blockchain certification tech. In 2015, the country’s Ministry of Conversation Technologies posted a position opening for an intern with blockchain certification awareness. The similar year, Tunisia’s postal provider reported trialing a crypto-driven payment app.

The state continues to be open to experiments with the tech, according to today’s assertion.

Tunisian flag picture via CoinDesk archives