The Bangladesh Bank will conduct a feasibility study on the possibility of introducing ‘Central Bank Digital Currency (CDBC)’ in Bangladesh to encourage startups and e-commerce businesses.
Finance Minister AHM Mustafa Kamal in his budget speech on Thursday 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.
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He also said that the main purpose of launching Central Bank Digital Currency (CDBC) is to facilitate the 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 has increased tremendously in the country, said the minister.
