BIS and central banks partner to create CBDC ‘bridge’

Cross-border project will link up digital currencies of China, Hong Kong, Thailand and the UAE

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The Bank for International Settlements is partnering with the central banks of China, Hong Kong, Thailand and the UAE to conduct new tests of cross-border central bank digital currency.

The BIS innovation hub in Hong Kong, run jointly with the Hong Kong Monetary Authority, will now work with the People’s Bank of China’s Digital Currency Institute, as well as the Bank of Thailand and Central Bank of the UAE, to test cross-border CBDC payments.

Hong Kong and Thailand have already been exploring

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