Tunisia's central bank denies reports on e-dinar
The Central Bank of Tunisia is denying reports that it has launched a digital currency.
In a sweeping rejection published this week the central bank quashed "unfounded" rumors that it had become the first monetary authority to issue a central bank digital currency (CBDC), asserting instead that an unaffiliated "proof of concept" project was taken "out of context:"
"The [Central Bank of Tunisia] has not engaged any relationship, of any kind, with any national or foreign provider with the aim of creating any digital currency."
The bank did admit that it is considering a CBDC, as it says it is studying "all existing alternatives." But there are no immediate plans for an E-Dinar to go live: "The bank is studying the opportunities and risks inherent in these new technologies, particularly in terms of cyber security and financial stability."
Last week, Russia's stateowned Tass news agency reported the Central Bank was partnering with the Universa Blockchain to develop and issue a digital currency. The announcement was claimed to have come at a FOREX Club Tunisia event.
But the Central Bank said that no announcement was ever made. Instead, it pointed to a CBDC test project demonstration at the FOREX event at the root of the misunderstanding:
"This test of POC (Proof of concept) was taken out of context becoming a marketing operation where the name of the BCT was improperly used."
Universa's CEO Alexander Borodich also presented the project at the Malta AI & Blockchain Summit in Malta last week. Borodich hadn't responded to CoinDesk's request for comment by press time.
Universa, which raised $28.8 million during an ICO in 2017, has been mired in a scandal in Russia. In March 2018,
Universa community manager Artur Lipatov wrote a Facebook post saying that Universa's blockchain could not power smart contracts, the company's operations were in trouble, and that he was leaving - that post is now unavailable.
The statement dropped Universa's token value by 20 percent from $0.037 to $0.03 and Borodich sued his former employee for $15,500 for defamation.
Tunisia earlier showed some mild interest to the blockchain tech. In 2015, the country's Ministry of Communication Technologies posted a job opening for an intern with blockchain knowledge. The same year, Tunisia's postal service reported trialing a crypto-powered payment app.