Financial institution for Worldwide Settlements concludes CBDC undertaking ‘Icebreaker’

In partnership with the central banks of Israel, Sweden, and Norway, the Financial institution for Worldwide Settlements (BIS) has finalized a undertaking that explores the potential benefits and challenges of utilizing central financial institution digital currencies (CBDC) in worldwide funds. The undertaking, dubbed ‘the Icebreaker,’ aimed to look at the technical feasibility and potential effectivity […]
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