Iberian central banks sign MoU to tackle quantum computing risks
Bank of Portugal and Bank of Spain to co-operate on post-quantum cryptography
The Bank of Portugal and the Bank of Spain have agreed to work together to counteract novel threats posed by quantum computing.
The two central banks released identical press releases on October 23 announcing their partnership. Both central banks believe that a “lack of co-ordination in the migration to quantum-resistant technologies could pose systemic risks”, they wrote.
The financial markets of the two countries are interlinked. The two central banks said that the risks arising from shared
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