The launch of the crypto rial was originally planned for November, according to the Chamber, which said the CBDC was intended “to help improve financial inclusion and function as a powerful tool for the CBI to compete with other stable coins globally.” It added that experts within the country had concerns about businesses’ preparedness to use a CBDC, the public’s understanding of digital wallets and the affect the introduction would have on banks.
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Source: Cryptocurrency - investing.com
