Four Countries Test Through Cross-border Payment By Currency
Central Bank of Australia, Singapore, Malaysia and South Africa and South Africa, said they will conduct a cross-border payment test by digital currency issued by central banks (CBDC), to hit Economic and convenient price that brings trading activities 09: 00/1: 48 male in Singapore monetary management agency (MAS). (Photo: Reuters) Many government and central banks around the world are studying a plan to use CBDC - the form of digitizing traditional currencies, one of which is China. This country is testing Retail CBDC - designed to replace cash in circulation, while other countries are considering using wholesale CBDC to improve internal operations of systems Their finance. Most projects are only in the early stages and are deployed mainly in the country, because the establishment of the global rules and frameworks specify how CBDC can be used International areas are a technical complex issue, and can also be related to both politics. According to the four central banks and the Innovation Center of International Payment Bank (BIS) given, this latest project aims to develop common platforms for multi-border transactions CBDC (MCBDC)
