Today news
About the same in other media
CBDCs: Project mBridge to enter pilot stage next year
Reading now: 253
CBDC fever has spurred many financial institutions across the world into action. Along with the BIS Innovation Hub, the Bank of Thailand, the Central Bank of the U.A.E., the People’s Bank of China [Digital Currency Institute], and the Hong Kong Monetary Authority are working together to develop a multi-CBDC platform – or bridge – for international remittances.
A report shared by the Bank of Thailand revealed more recent updates regarding the program.
Of all the use cases for the mBridge project, the report deemed “International Trade Settlement” is a priority. This is the case because the countries involved in the trial reportedly boast a collective value of more than $730 billion in trade transactions.
If that wasn’t incentive enough, the
Read more on ambcrypto.comAbout this in other media
The IRS predicts billions in cryptocurrency seizures from fraud schemes next year after taking $3.5 billion this year markets.businessinsider.com /3 years ago
India: RBI clamps down on illegal digital lending before CBDC pilot next year ambcrypto.com /3 years ago
IMF release reveals its role in Nigeria’s eNaira project launch ambcrypto.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
