Iran to pilot CDBC in Kish Island starting July
In July, the Central Bank of Iran (CBI) will commence a trial of its central bank digital currency (CBDC), the digital rial, on Kish Island On…
IMF Survey Shows how CBDCs Can Help Middle-East Nations
Central bank digital currencies (CBDCs) may increase financial inclusion and lower costs, according to an IMF survey for Central Asia and the…
Saudi Arabia Enters mBridge CBDC Project
Saudi Arabia has partnered with the mBridge Initiative to improve cross-border payments by utilizing central bank digital currencies (CBDCs).…
China Pays CBDC to Workers Who are Converting to Cash Fast
China pays CBDC to workers who instantly cash out the cryptocurrency because they fear it may lose value later on. A report suggests that some…