Friday, October 27, 2017

BDL considering launching digital currency. Move to be preceded by enhancement of cybercrime protection


The Central Bank (BDL) is considering issuing a digital currency in the coming years that will be under its own supervision, said Governor Riad Salameh.

The digital currency will play a key role in the future, but BDL must first carry out some necessary measures, especially developing means for protection against cybercrimes, Salameh said. The Special Investigation Commission and the Banking Control Commission have teamed up to create a system to prevent these crimes, he said.

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