Tuesday, October 4

Iran Reportedly About to Begin Testing Its Central Bank-Issued Digital Currency By Cointelegraph


©Reuters. Iran is about to begin testing its digital currency issued by the central bank

The Central Bank of Iran (CBI) is reportedly planning to launch a Central Bank Digital Currency (CBDC) pilot project shortly.

According to a note from the Iranian Labor News Agency, the deputy governor of the CBI said that CBDCs could help the country to resolve financial inconsistencies.

The development of a sovereign digital currency in Iran began in 2018 at the Information Services Corporation – the executive arm of the CBI. The development phase is now complete and a pilot will be released soon. However, the CBI did not reveal many details about the deadlines.

Read the full article on Cointelegraph

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