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Saudi Central Bank to exit EM Bridge in 2025
The Saudi Central Bank (SAMA) confirmed that its participation in the "EM Bridge" digital currency platform project for central banks concluded in 2025. It clarified that the bank conducted a proof-of-concept (PoC) trial in a testing environment without any real financial transactions, completing it on May 13, 2025. SAMA's involvement in the project was limited and aimed at testing the feasibility of using central bank digital currencies to improve cross-border payment efficiency and facilitate settlement processes. The bank did not participate in subsequent phases of the project thereafter.
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