Central Bank of Iran Completes Pre-Pilot Phase of CBDC Development

The Central Bank of Iran (CBI) has completed the pre-pilot phase of CBDC development. The central bank plans to expand the scope of the CBDC pilot in Iran’s payment system, but is not in a hurry to implement it. In addition, the Central Bank of Iran plans to distribute digital riyals among individuals and banks, and the CBDC The infrastructure will reproduce some blockchain functionality.