Saudi Arabia withdraws from mBridge CBDC platform, signaling shift in digital currency strategy

Saudi Arabia has withdrawn from the mBridge central bank digital currency (CBDC) project, a multi-country initiative aimed at cross-border payments. The move, reported by Forbes and cited by the Atlantic Council, marks a notable reversal for a key participant and raises questions about the project's momentum and the kingdom's digital currency priorities. The implications for global CBDC adoption and cross-border payment infrastructure are uncertain.

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