{"id":17677,"date":"2022-02-01T15:34:25","date_gmt":"2022-02-01T14:34:25","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=17677"},"modified":"2022-02-01T15:34:34","modified_gmt":"2022-02-01T14:34:34","slug":"central-bank-of-jordan-plans-to-launch-a-cbdc","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/central-bank-of-jordan-plans-to-launch-a-cbdc\/","title":{"rendered":"Central Bank of Jordan plans to launch a CBDC"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"central-bank-of-jordan-cbj-has-stated-that-it-is-considering-launching-a-digital-currency-that-would-be-legal-tender-and-linked-to-the-jordanian-dinar\"><a href=\"https:\/\/coinscreed.com\/staging\/51-countries-have-banned-crypto-library-of-congress.html\" data-type=\"URL\" data-id=\"https:\/\/coinscreed.com\/staging\/51-countries-have-banned-crypto-library-of-congress.html\">Central Bank of Jordan (CBJ)<\/a> has stated that it is considering launching a digital currency that would be legal tender and linked to the Jordanian dinar.<\/h5>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/02\/image-7.png\" alt=\"Central Bank of Jordan plans to launch a CBDC \" class=\"wp-image-17682\" width=\"741\" height=\"566\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/02\/image-7.png 598w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/02\/image-7-300x229.png 300w\" sizes=\"(max-width: 741px) 100vw, 741px\" \/><\/figure><\/div>\n\n\n\n<p>CBJ Governor Adel Al Sharkas has reportedly claimed that his institution is looking into the possibility of launching a <a href=\"https:\/\/www.google.com\/search?q=Central+Bank+of+Jordan+plans+to+launch+a+CBDC&rlz=1C1SQJL_enNG889NG889&oq=Central+Bank+of+Jordan+plans+to+launch+a+CBDC&aqs=chrome..69i57.3039j0j9&sourceid=chrome&ie=UTF-8\" data-type=\"URL\" data-id=\"https:\/\/www.google.com\/search?q=Central+Bank+of+Jordan+plans+to+launch+a+CBDC&rlz=1C1SQJL_enNG889NG889&oq=Central+Bank+of+Jordan+plans+to+launch+a+CBDC&aqs=chrome..69i57.3039j0j9&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noopener\">legitimate digital currency<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>. He also anticipated that if the necessary law is in place, bitcoin trading might be legalized in Jordan. He stated, &#8220;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWith 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.\u201d<\/p><\/blockquote>\n\n\n\n<p>Sharkas' remarks were made during a meeting dedicated to addressing digital currencies, according to the newspaper. Khair Abu Salik, the chairman of Jordan's Lower House <a href=\"https:\/\/coinscreed.com\/staging\/spanish-officials-issue-warning-on-several-crypto-and-financial-market-related-businesses-for-illicit-services.html\" data-type=\"post\" data-id=\"8103\">Economic and Investment Committee<\/a>, had previously warned about the hazards of cryptocurrency trading.<\/p>\n\n\n\n<p>Officials are said to have addressed the type of regulation that would be required to safeguard investors from such risks at the meeting. They also discussed the possibility of developing a regulated bitcoin trading platform.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"crypto-trading-is-banned-in-jordan\">Crypto trading is banned in Jordan<\/h2>\n\n\n\n<p>Jordan outlawed <a href=\"https:\/\/coinscreed.com\/staging\/its-an-asset-class-that-we-cannot-ignore-anymore-says-the-philippine-stock-exchange-cryptocurrency-trading.html\" data-type=\"post\" data-id=\"4916\">cryptocurrency trading<\/a>, according to the governor of the Central Bank of Jordan, to safeguard investors from fraudulent crypto investment schemes. China and four other Arab countries, he said, had implemented similar bans.<\/p>\n\n\n\n<p>Jordan has now joined a small group of countries that have either started or are considering developing CBDCs. According to data from the Atlantic Council, 91 countries are working on their own digital currency as of June 2019, with only 14 having reached the pilot stage. According to the data, nine countries have already <a href=\"https:\/\/coinscreed.com\/staging\/new-york-state-financial-services-to-be-led-by-cbdc-project-exec.html\" data-type=\"post\" data-id=\"17298\">adopted a CBDC<\/a>.<\/p>\n\n\n\n<p>Several cross-border digital currency tests have been done between Switzerland and France. China is now leading the CBDC development, but many European and Asian countries are accelerating their development plans to keep up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central Bank of Jordan (CBJ) has stated that it is considering launching a digital currency that would be legal tender and linked to the Jordanian dinar. CBJ Governor Adel Al Sharkas has reportedly claimed that his institution is looking into the possibility of launching a legitimate digital currency . He also anticipated that if the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":17682,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4161],"tags":[5507,5392,5492,6993,5534],"class_list":["post-17677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cbdc","tag-cbdc-2","tag-cryptocurrency-2","tag-digital-currency-2","tag-jordan","tag-legal-tender-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/02\/image-7.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/17677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=17677"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/17677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/17682"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=17677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=17677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=17677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}