MAS teams up with BIS, Swiss and  France central banks to test wholesale CBDCs

MAS teams up with BIS, Swiss and  France central banks to test wholesale CBDCs

Singapore Business Review (SBR)·2023-09-28 22:02

Project Mariana used DeFi technology concepts on a public blockchain.

The Monetary Authority of Singapore has teamed up with the Bank for International Settlements (BIS) and central banks in France and Switzerland to test cross-border trading and settlement of wholesale central bank digital currencies (CBDCs) between financial institutions.

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