Tag "BIS Innovation Hub"

35 Asian Nations Are Developing CBDCs – Here’s Where They Stand

Economies worldwide are increasingly considering the viability of a digitised national currency, most commonly referred to now as a Central Bank Digital Currency, or CBDC. Eleven countries have already launched their CBDCs, but none in Asia yet.  There are currently 35

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Singapore, France and Switzerland to Collaborate on Wholesale CBDC Project

BIS Innovation Hub is launching a project around central bank digital currencies (CBDCs) and Decentralised Finance (DeFi) protocols as part of its 2022 work programme. Dubbed Project Mariana, it explores automated market makers (AMM) for cross-border exchanges of the hypothetical

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BIS, MAS Plots Blueprint for a Global Real-Time Retail Payments Network

The Bank for International Settlements Innovation Hub Singapore Center and the Monetary Authority of Singapore (MAS) published a proposed blueprint to enhance the global payments network connectivity via multilateral linkages of countries’ national retail payment systems. Titled Project Nexus, this

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