Iran launches CBDC pilot project on Kish Island
The Central Bank of Iran (CBI) has announced the launch of a pilot program to introduce the country's central bank digital currency (CBDC) on Kish Island in the south. CBI stated on Tuesday that from June 21, bank customers and tourists in Kish will receive digital rials.This launch expands the pilot program that began in May 2023, involving cooperation with Iran's Tejarat and Mellat banks. Digital rials will be used for retail transactions, including purchasing goods and services. Iran launched its digital currency plan in 2021 after initial research and approval from the country's Currency and Credit Council.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
