Irani central bank eyes CBDC, fintech progress to combat sanctions - CryptoSlate

Retrieved on: 2024-11-27 10:03:50

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Cryptocurrency

Decentralization

Financial technology

Central Bank Digital Currency

Shetab Banking System

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Irani central bank eyes CBDC, fintech progress to combat sanctions - CryptoSlate. View article details on hiswai:

Summary

The article discusses Iran's launch of the Digital Rial, a central bank digital currency (CBDC), leveraging the Shetab Banking System. This move reflects Iran's goals in cryptocurrency, digital currency innovation, and enhanced financial autonomy amidst sanctions. Mohammed Reza Farzin highlights its strategic importance for Iran's economic resilience and regional financial integration.

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