iran is planning to test its cbdc system by the end of august

Crypto rial, a pilot version of iran’s central bank digital currency (cbdc). the pilot will be ready by the beginning of the persian calendar month of Shahrivar, which begins on august 23. developed by iran’s informatics services corporation, the technology utilizes linux foundation’s hyperledger fabric.

he had great hopes for the cbdc project as well. unlike other digital currencies, the cbi governor said it was only intended to “replace the banknotes that people now own.”

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