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

Financial breaking news

This news 44 hits received.

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

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news AML regulations driving up compliance costs across UK last financial news
Finance Breaking news AML regulations driving up compliance costs...
Finance Breaking news Standard Chartered poaches Louwhoff from ING to lead digital operations last financial news
Finance Breaking news Standard Chartered poaches Louwhoff from ING to...