Iran Launches Pilot Test of Digital Central Bank Currency (CBDC): “Crypto Rial” Enters Circulation Tomorrow

The Central Bank of Iran (CBI) will begin pilot tests of its digital central bank currency (CBDC) from tomorrow.

Iran Chamber of Commerce of Agriculture and Mining Industries September 21 According to the news it published on its official website, the Central Bank of Iran September 22 on digital central bank money announced that it will begin pilot tests.

In the CBI statements, Crypto Rial the physical coins of the purpose of the new entity they call converting them into programmable entities stated that. In addition, one of the main features of the new entity high security was stated. It was claimed that the Crypto Rial can be easily tracked, even if the data on the smartphones is corrupted or stolen.

Authorities say that this new entity national currency or other compete with digital assets for not removed Only digital version of the national currency stated that.

This is not Iran’s first work on digital assets, and the government has done it before. using digital assets circumvented US sanctions 10 million dollar import he said he did. However, experts authoritarian Iranian regime Considering the digital disadvantages of currency by citizens to be taken into account recommends

source site-9