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Tunisia Denies CBDC Reports: Here Is How the False News Spread

Published 11/22/2019, 11:20 AM
Updated 11/22/2019, 01:01 PM
© Reuters.  Tunisia Denies CBDC Reports: Here Is How the False News Spread

Earlier this month, many blockchain media outlets, including Cointelegraph itself as well as Decrypt, Beincrypto and LedgerInsight, reported that Tunisia had become the first country to digitize its national currency on a blockchain platform. But that news was incorrect. The story was originally was broken on Nov. 7 by two Russian state-owned news agencies, Tass and Iz.ru, which also highlighted that the Russian blockchain platform Universa was assisting the Central Bank of Tunisia, or BCT, in the task.

By Nov. 11, the BCT denied all claims regarding the development of a central bank digital currency. Specifically, the bank declared that although it is “working on finance digitalisation,” it does not have any kind of relationship with any domestic or foreign firm.

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