BIS marks CBDC pilot as 'successful' with $22M transacted
Cointelegraph
Published Sep 28, 2022 01:17AM ET
Updated Sep 28, 2022 03:00AM ET
A multi-jurisdictional Central Bank Digital Currency (CBDC) pilot has been marked “successful” by the Bank for International Settlements (BIS) after a month-long test phase that facilitated $22 million worth of real-value cross-border transactions.
The central banks of Hong Kong, Thailand, China and the United Arab Emirates (UAE) took part in the pilot program along with 20 commercial banks from those regions.
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Written By: Cointelegraph
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