Finance Breaking news China and UAE central banks explore CBDC for cross-border payments last financial news

Breaking-Finance.Com - The central banks of China and the United Arab Emirates are embarking on a CBDC project investigating cross-border foreign currency payments.

Finance Breaking news China and UAE central banks explore CBDC for cross-border payments last financial news

Breaking-Finance.Com - The central banks of China and the United Arab Emirates are embarking on a CBDC project investigating cross-border foreign currency payments.

Finance Breaking news China and UAE central banks explore CBDC for cross-border payments last financial news
23 February 2021 - 19:00

Breaking-Finance.Com - The central banks of China and the United Arab Emirates are embarking on a CBDC project investigating cross-border foreign currency payments. The Multiple CBDC (m-CBDC) project will see a proof-of-concept prototype developed designed to support real-time cross-border foreign exchange payment-versus-payment transactions in multiple jurisdictions, operating 24/7.

.The BIS Innovation Hub, the Hong Kong Monetary Authority and the Bank of Thailand are all partnering the Central Bank of the UAE and the People's Bank of China's digital currency institute on the effort.

Source = Breaking-Finance.Com

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Finance Breaking news China and UAE central banks explore CBDC for cross-border payments last financial news


Finance Breaking news China and UAE central banks explore CBDC for cross-border payments last financial news


Finance Breaking news China and UAE central banks explore CBDC for cross-border payments last financial news


Finance Breaking news China and UAE central banks explore CBDC for cross-border payments last financial news

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