BIS and SNB co-operate on central bank digital currency
Technology research hub will also investigate how to use DLT infrastructure
The Bank for International Settlements and the Swiss National Bank have unveiled details of how they will jointly research technology innovations affecting central banking.
On October 8, the institutions signed an operational agreement to work in the BIS’s innovation hub in Switzerland. Initially, the agreement will cover two research projects. One will study the integration of digital central bank money into a distributed ledger technology platform. The other will focus on tools to facilitate
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 customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Technology
ECB and BoJ point to major problem in DLT-based payments
Project Stella report says central source of information could create single point of failure
Asia keener to adopt mobile FX trading – BidFX
Fintech firm updates mobile app to offer more features; security concerns represent major development challenges
Brainard: US must review payments system oversight
Big tech’s currency plans could weaken payments oversight – senior Fed official
Cambodia’s blockchain payment network will go live in early 2020
Bakong could be linked with other Asean countries as cross-border transfers are part of project’s next phase
Baton rounds out funding with $4m Illuminate investment
DLT firm plans Asia expansion due to demand for delivery of assets in Asian and non-CLS settled currencies
Nomura advances AI trading platform for FX and fixed income
Over the next year the bank will converge its trading desk infrastructure to create a cross-asset class system
Emerging market central banks keener to issue CBDCs – BIS
BIS survey shows central banks shifting emphasis from wholesale to retail CBDCs
StanChart’s e-FX trading engine goes live in Singapore
Trade latency has been cut by more than 80%, Standard Chartered says
