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3 sourcesTracking since 21 Sept, 06:22

Saudi Arabia leaves China-backed mBridge digital currency project

In brief

Saudi Arabia has ended its participation in mBridge, a cross-border central bank digital currency platform. The move followed the kingdom’s completion of a central bank digital currency trial in May 2025.

Summary written by HeraldLoop from 3 sources · updated 6h ago

What changed

  1. 21 Sept, 06:22Saudi Arabia exits China backed mBridge digital currency project · Crypto.news
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Chronological coverage

  1. 22 September
  2. Latest22 Sept, 12:02

    Saudi Arabia exits China-led mBridge digital currency project: Report

    Saudi Arabia's exit from mBridge may impact global digital currency collaboration, potentially slowing advancements in cross-border payment solutions.

    CryptoBriefingCryptoBriefing•Vivian Nguyen
  3. 21 September
  4. Follow-up21 Sept, 20:37

    Saudi Arabia exits China-backed mBridge CBDC project: FT

    Saudi Arabia has left mBridge, a cross-border CBDC platform that has drawn scrutiny from US policymakers, according to the Financial Times.

    CointelegraphCointelegraph•Cointelegraph by Nate Kostar
  5. First seen21 Sept, 06:22

    Saudi Arabia exits China backed mBridge digital currency project

    Saudi Arabia has ended its participation in the China linked mBridge digital currency platform after completing a central bank digital currency trial in May 2025, removing the kingdom from a cross border payment project that has faced scrutiny in Washington…

    Crypto.newsCrypto.news•Rony Roy