š„š®š·Iran confirms working with Russia on CBDC, tokenized assets for payments During early 2023Ā thereĀ wereĀ reports that IranĀ was looking to create aĀ gold backedĀ digital currency to use for settlement with Russia. At the time, Russian law wouldnāt support settlement withĀ gold backedĀ tokens. However, thatās changed.Ā Now,Ā RussianĀ newspaperĀ IzvestiaĀ spoke to Iranās trade attachĆ© at the embassy in Russia, Rahimi Mohsen.Ā He says the two countries are working together to address settlements using central bank digital currency (CBDC) and RussianĀ digital financial assetsĀ (DFAs),