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Saudi Arabia exits China-backed mBridge CBDC project: FT

Saudi Arabia has exited the mBridge cross-border CBDC platform, as reported by the Financial Times. The move comes amid scrutiny from U.S. policymakers of such projects.

Saudi Arabia exits China-backed mBridge CBDC project: FT
Image: Cointelegraph

Saudi Arabia has exited the mBridge cross-border CBDC platform, as reported by the Financial Times. The move comes amid scrutiny from U.S. policymakers of such projects.

Sources

  • Cointelegraph — Saudi Arabia exits China-backed mBridge CBDC project: FT

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