IRAN introduces Crypto Rial

What is CBDC?

CBDC is central bank digital currency by central bank of the nation. Completely governed by the authority

About Crypto Rial

Crypto Rial will be the CBDC of Iran. It is equivalent to the existing Rial but on a digital platform.

Who Controls it?

The National Bank of Iran will have complete control over crypto Rial and its digital infrastructure

The Latest Update

As per the statement released by the Iranian Office of Trade, Iran will  begin trials for crypto Rial 

The platform used

The CBDC will work on  Borna stage utilizing the Hyperledger technology  by IBM

China joins the list

Checkout e-CNY Chinese digital Yuan in the making

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