Kamal also talked about conducting a feasibility study on the possibility of introducing (Central Bank Digital Currency) CDBC in Bangladesh.

He said, “As the risky use of virtual currencies such as Crypto Currencies continues to grow worldwide, many central banks around the world are working to launch digital versions of their currencies as an alternative to Crypto Currencies.

“The main purpose of launching Central Bank Digital Currency (CDBC) is to facilitate currency in virtual transactions and to encourage startups and e-commerce businesses. As a result of the time-befitting steps of the present government, the coverage of the internet and e-commerce in the country has increased tremendously. In this context, Bangladesh Bank will conduct a feasibility study on the possibility of introducing CDBC in Bangladesh.”

Kamal also said once digital banks are established, massive employment opportunities will be generated for young IT workers.

Read more from Local
Post Comment