✉news Business Banking first seen 8 h ago, last 34 min ago, peak #23

Saudi Arabia Quietly Left Major CBDC Project Over A Year Ago

Original: Saudi Arabia Left The World's Biggest CBDC Platform Sixteen Months Ago. It Took The FT To Notice.

Saudi Arabia withdrew from Project mBridge, the world's largest central bank digital currency platform, roughly sixteen months before the withdrawal drew public attention. The departure only became widely known after the Financial Times reported it, prompting questions about why the move went unnoticed and what it signals for cross-border CBDC cooperation.

Why now: The FT's report revealed a major, previously unreported Saudi withdrawal from a flagship CBDC initiative, surprising finance watchers.

Saudi Arabia Project mBridge Financial Times Forbes

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Saudi Arabia Left The World's Biggest CBDC Platform Sixteen Months Ago. It Took The FT To Notice. · Forbes

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