Saudi Arabia Joins mBridge CBDC Project, Digital Oil Trade

CBDC | Jun 17, 2024 Saudi Arabia Joins BIS-Led Central Bank Digital Currency Project As reported by Reuters, Saudi Arabia has become a member of the BIS-led, China dominated, project mBridge, creating a cross-border payments platform using digital currencies (CBDCs) that is managed by many central banks. The goal of this project is to improve

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