CBDC will be tested in the BIS system. The study, codenamed | WorldBitBank
CBDC will be tested in the BIS system.
The study, codenamed Project Dunbar, aims to develop prototypes of a common platform that will allow international settlements in digital fiat currencies issued by central banks. According to BIS, the system will allow direct transactions in central bank digital currencies or CBDCs between institutions, while reducing time and costs.
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