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BIS to hand over Project mBridge to central banks
The Bank for International Settlements (BIS) is ending its involvement with Project mBridge, the cross-border wholesale central bank digital currency (CBDC) initiative, BIS general manager Agustín Carstens said on October 31.
BIS to leave cross-border payments platform Project mBridge
The Bank for International Settlements is leaving the cross-border payments platform Project mBridge, which can be taken forward by the central banks behind it, BIS General Manager Agustin Carstens said on Thursday.
BIS Steps Back From Digital Payment Project Touted by Putin
The Bank for International Settlements is leaving a project for digital cross-border payments after Russia’s president Vladimir Putin identified the underlying technology as a tool to circumvent sanctions and potentially undermine the dollar.
BIS to leave China-backed central bank digital currency project
It also has many more observing members. BIS general manager
Agustin
Carstens
announced the step after being asked whether mBridge could provide a basis for Brics countries, which include Russia, to get around international sanctions, a notion he rejected.
Fintech Singapore
1d
BIS Exits ‘Project mBridge’ Citing Maturity Amid BRICS Speculation
Carstens also highlighted Project Agorá as another major BIS Innovation Hub initiative. This project, involving central banks ...
The Economist
4d
A surprise new twist in Putin’s currency wars
The new system, which it was developing with China and others, would harness the power of digital currencies and the ...
The Banker
4d
Explainer: BIS backs out of CBDC project mBridge
Project mBridge is a blockchain-based payments ledger, which is designed to support real-time, cross-border payments and ...
6d
BIS debates ending project to undermine US dollar
The Bank for International Settlements (BIS) is debating whether to shut down a pilot cross-border payments platform after ...
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