BIS Completes Successful Pilot Study of Central Bank Digital Currencies for Cross-Border Payments

BIS building in Basel, Switzerland. Source: Adobe/doganmesut The Bank for International Settlements (BIS) has completed a pilot study on using Central Bank Digital Currencies (CBDC) for cross-border payments in collaboration with the central banks of Norway, Sweden and Israel. The pilot study, called Project Icebreaker, aims to test the “technical feasibility” of cross-border transfers involving […]

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