
The digital rial is being developed for retail purposes so far, but the integration of Iranian payment systems with Russia may foil US sanctions.
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The Central Bank of Iran (CBI) has reportedly begun a pilot for its central bank digital currency (CBDC), also known as “crypto rial.” Iran’s chamber of commerce explained that the “crypto rial has been designed in a way that is easy to track, and even if the data on the smartphones are hacked, the crypto […]
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