BIS Innovation Center is preparing a platform for testing digital currencies of the Central Bank
The Singapore branch of the BIS Innovation Center is developing an international platform for testing Central Banks’ digital currencies. The management of the Bank for International Settlements (BIS) said that one of its top priorities in 2021 is the study of government digital currencies. BIS intends to explore how these tools can speed up cross-border payments and reduce fees. BiS Innovation Center also plans to study a multi-tier architecture for distributing digital currencies between users.…
