Dhaka, Feb. 16 -- An initiative to issue digital bank licenses just a day before the formation of a new government has been stalled following strong protests from the Bangladesh Bank Officers Welfare Council.

The Council demanded the cancellation of an emergency board meeting scheduled to approve the licenses on Monday. Although the meeting of the Board of Directors took place in the afternoon, no licenses were approved. Instead, the board was briefed on the evaluation scores of the applicant institutions, effectively halting the approval process amidst day-long tension at the central bank.

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