Iran to Launch its Digital Rial CBDC into Public Pilot Phase

Central Bank Digital Currencies, or CBDCs, are picking up the pace in several nations around the world, and Iran is one of them. In the coming days, the country will gradually be deploying its ‘digital rial’ virtual currency into a public pilot phase. The Central Bank of Iran (CBI) is spearheading the trial phase for the digital rial. As part of this phase, the digital currency will be issued to banking users, as well as to tourists…