A step forward for CBDCs. The Bank of International Settlement Innovation Hub completes an experimental CBDC platform pilot for settlement with the central banks of Australia, Malaysia, Singapore and South Africa. (Reporting via _prashantjha)
Bank of International Settlement Innovation Hub has completed an experimental central bank digital currency platform pilot for international settlement with the central banks of Australia, Malaysia, Singapore and South Africa.
The project took several aspects into consideration before developing prototypes. Some of the key issues that the project is trying to solve include resolving cross-border remittance issues in accordance with the regulatory requirements and bringing in key payment infrastructure across national borders.
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