BIS: Central banks will be able to exchange their digital currencies with each other
The Bank for International Settlements (BIS) reported on the successful completion of an experiment on the joint work of the central banks of four countries. The BIS Innovation Center has completed a pilot project of the Central Bank Digital Currency Experimental Platform (CBDC) for international settlements. The central banks of Singapore, Australia, Malaysia and South Africa participated in the project. The platform, called Project Dunbar, aims to facilitate direct cross-border transactions between financial institutions using…
