Share this article
Lebanon Preparing Central Bank Digital Currency for 2021 Rollout
Central bankers hope the CBDC will help restore confidence in Lebanon's shaky banking sector.
By Danny Nelson
Updated Sep 14, 2021, 10:29 a.m. Published Nov 10, 2020, 4:32 p.m.
Lebanon's chief central banker said the country is preparing a national digital currency (CBDC) for a 2021 debut.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Banque Du Liban Governor Riad Salameh told state-run media Tuesday the CBDC project is part of a "regulatory mechanism" to restore confidence in Lebanon's troubled banking sector.
- Lebanon's private banks have deep ties to the government, which defaulted on its debts in March. Neither institutions garner much trust from the public. Lebanese citizens currently store over $10 billion in their homes, Salameh said.
- CBDC will also help Lebanon move to a "cashless system" that enables more seamless cash movement locally and abroad, he said.
- Salameh has advocated for a Lebanese CBDC since at least November 2017.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin long term holder supply hits 8 month low, breaking historical cycle patterns
Repeated distribution waves from long-term holders highlight how this bitcoin cycle is breaking from historical norms.
What to know:
- Bitcoin long-term holder supply has fallen to 14.34 million BTC, its lowest level since May, marking the third wave of long term holder selling this cycle after earlier distribution around ETF approvals and the move to $100,000 after President Trump's election win.
- Unlike prior bull markets that saw a single blow off distribution phase, this cycle is characterized by multiple LTH sell waves that have been absorbed by the market.
Top Stories
