As part of the experiment, several central banks participated in the mBridge project, a multi-CBDC platform for international payments.
platform. The 20 participating commercial banks used the platform to settle different kinds of payments for corporate customers, focusing on cross-border trade. Over $12 million in value was issued onto the platform facilitating over 160 cross-border payments and FX transactions totaling more than $22 million in value,” the post said.
Tayo Tunyathon K from Bank of Thailand, who was part of the project, termed it the world’s first pilot using real value CBDC for cross-border trade settlements. In her Linkedin post, she
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong’s Catholic Cardinal Zen prosecuted by ChinaHong Kong’s Catholic Cardinal Joseph Zen Ze-kiun is being prosecuted by Chinese government-dominated authorities of the city after his decades of harsh criticism against Beijing’s human rights abuses, religious persecution, and growing repression.
Read more »
Can Dinomania Strike Twice? Christie's Is Selling a Full T. Rex Skeleton—a $25 Million Specimen Named Shen—in Hong Kong | Artnet NewsCan dinomania strike twice? Christie's is selling a full T. Rex skeleton—a $25 million specimen named Shen—in Hong Kong:
Read more »
Led by Hong Kong, Asian stocks on track to suffer worst month since Covid began | CNN BusinessAsian markets are careening toward their worst month since the Covid pandemic began, hit by a mighty US dollar and rising global recession fears.
Read more »
Amber Group uses simple hardware to show just how fast, easy the Wintermute hack wasA Hong Kong crypto financial services group has taught the world a lesson in cybersecurity by showing just how vulnerable a once-popular vanity address generator is.
Read more »
Kim Yoo Jung, Ahn Jae Hong, And Ryu Seung Ryong Confirmed For New Drama Cha Eun Woo Is In Talks ForIt’s official: Kim Yoo Jung, Ahn Jae Hong, and Ryu Seung Ryong will all be starring together in the upcoming drama “Dak Gang Jeong” (literal title)! On September 30, Netflix confirmed that the three actors would be appearing in its upcoming drama adaptation of the webtoon “Dak Gang Jeong.” ASTRO’s Cha Eun Woo was also
Read more »