BIS marks CBDC pilot as ‘successful’ with $22M transacted By Cointelegraph

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BIS marks CBDC pilot as ‘successful’ with $22M transacted

A multi-jurisdictional Central Bank Digital Currency (CBDC) pilot has been marked “successful” by the Bank for International Settlements (BIS) after a month-long test phase that facilitated $22 million worth of real-value cross-border transactions.

The central banks of Hong Kong, Thailand, China and the United Arab Emirates (UAE) took part in the pilot program along with 20 commercial banks from those regions.

Graphic from the BIS on the CBDC pilot. Source: LinkedIn