In a recent statement addressing attendees at the 7th CSR Lebanon Forum, the governor of the Bank of Lebanon, Riad Salameh, stated that the central bank plans to introduce its very own digital currency.
Salameh mentioned that the central bank is well aware that digital currencies will play an important role in the future. However, due to the cybercrime potential associated with cryptocurrencies, the central bank must make necessary arrangements prior to adoption.
These arrangements will likely consist of a cybercrime system that will closely monitor the market and help prevent money laundering, tax evasion, and illegal financing.
Moreover, the country’s Banking Control Commission and the Special Investigation Commission have partnered up to help facilitate the development of a cybercrime protection system. Regardless, Salameh doesn’t seem to have a positive opinion on bitcoin and other digital currencies.