TechSaudi Arabia reportedly exits China-backed mBridge amid governance and compliance concerns
Business Today reports the departure amid governance and compliance concerns. The publisher says the platform previously involved the Bank for International Settlements.
TLDR
Business Today reports that Saudi Arabia has exited the China-backed mBridge platform amid governance and compliance concerns. The publisher says mBridge was initially developed by the People's Bank of China, the Hong Kong Monetary Authority, the Bank of Thailand and the Central Bank of the United Arab Emirates. The Bank for International Settlements was previously involved.
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Saudi Arabia reportedly exits China-backed mBridge amid governance and compliance concerns
Business Today reports the departure amid governance and compliance concerns. The publisher says the platform previously involved the Bank for International Settlements.