Saudi Arabia reportedly withdraws from China-led mBridge digital currency platform
WION reports that the withdrawal followed completion of Saudi Arabia's proof-of-concept phase.
TLDR
WION reports that Saudi Arabia has left the China-led mBridge digital currency platform after completing its proof-of-concept phase. The outlet describes the exit as occurring amid the Saudi-Houthi conflict and US concerns over alternatives to dollar-based payments.
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