China, Hong Kong, Thailand and UAE complete cross-border CBDC test


The central banks of China, Hong Kong, Thailand and the United Arab Emirates have completed a cross-border digital currency trial co-ordinated by the Bank for International Settlements.

The central bank digital currency (CBDC) trial ran from August 15 to September 23. It used the mBridge platform, the BIS’s prototype cross-border payments system.

The participants executed 150 cross-border payments and foreign exchange transactions totalling $22 million, said the South China Morning Post, which

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account