Saudi Arabia has withdrawn from mBridge, a China-led cross-border… — Indian Development News 🇮🇳 — TG.ME

Saudi Arabia has withdrawn from mBridge, a China-led cross-border payments platform designed to allow central banks to transact directly using digital currencies

The Saudi Central Bank, or SAMA, confirmed to the FT that it was no longer participating in the project after completing its proof-of-concept .Riyadh said the withdrawal was part of its original plan and did not imply that the decision was linked to US pressure.

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Moneycontrol
Saudi Arabia exits China-led mBridge digital currency platform: What it means for dollar dominance- Moneycontrol.com
The Saudi Central Bank, or SAMA, confirmed to the FT that it was no longer participating in the project after completing its proof-of-concept phase in May 2025. Riyadh said the withdrawal was part of its original plan and did not indicate that the decision…
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September 21, 2026 1.7K 4 6