Iran launches retail CBDC pilot on Kish Island ‘free zone’

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The post Iran launches retail CBDC pilot on Kish Island free zone’ appeared first on CoinGeek.

According to the CBI, the public rollout of the digital rial on Kish Island is an expansion of the digital rial pilot program started in 2023.

All of these factors made Kish a prime location for creating a domestic and international digital asset exchange hub, according to a 2021 proposal by Iran’s former minister of information and communications, Muhammad Javad Azari.

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: CanadaIndiaOmanPeruTurkeyUkraine

Topics: Digital Rial Central Bank Digital Currency Micropayments Central bank of Iran Iran Retail CBDC Kish Sanctions Business Muhammad Javad Azari

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 15:00:34 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1125 words

Reading Time: 7 minutes read

Sentences: 38 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 21371359

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