Singapore and French central banks test cross-border CBDC exchange


Singapore and French central banks test cross-border CBDC exchange

The Monetary Authority of Singapore and the Banque de France are hailing the results of a cross-border digital currency simulation that could upend the current correspondent banking model, enabling banks to conduct overseas transactions across a single shared ledger.

TERRIFYING! What The USA Just Launched…

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Central Bank Digital Currencies | Davos | #WEF22

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Agustín Carstens: Central Bank Digital Currencies (CBDC) vs. Bitcoin – Shorts presents:

In this video, Agustín Carsten, The General Manager of the Bank of International Settlements (BIS), explains the difference between CBDCs and decentralized cryptocurrencies like Bitcoin.

#cryptocurrency #cbdc #bitcoin #decentralization

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Project Jura – Cross-border settlement using wholesale CBDC – short version

Jura explores the direct transfer of euro and Swiss franc wholesale central bank digital currencies (wCBDCs) between French and Swiss commercial banks on a single DLT platform operated by a third party. Tokenised asset and foreign exchange trades are settled safely and efficiently using payment versus payment (PvP) and delivery versus payment (DvP) mechanisms. The experiment is conducted in a near-real setting, using real-value transactions and complying with current regulatory requirements.
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