Bahrain Central Bank CBDC being tested to ensure security and safety
Bahrain Minister of Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa announced during a Parliament meeting that Bahrain is testing the CBDC , Digital Dinar, while Bahrain Central Bank Governor emphasized that Bahrain CBDC being tested to ensure security and safety.
As Al Khalifa stated to MPs, ” “We have to study the operational, legal and technical aspects amongst other aspects for possible future implementation. No private establishment is authorized to issue a digital currency, only the (CBB) can do so.”
Bahrain recently completed a cross border transfer using JP Morgan coin, which is considered part of Bahrain CBDC testing.