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Bank for International Settlements

NY Federal Reserve testing CBDCs to improve foreign exchange transactions
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9 November, 2022

NY Federal Reserve testing CBDCs to improve foreign exchange transactions

The exploration is part of Project Cedar, an experiment conducted by the BIS to test the worthiness of wholesale CBDC...
UAE central bank completes CBDC pilot, eyes international usage for cross-border payments
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30 October, 2022

UAE central bank completes CBDC pilot, eyes international usage for cross-border payments

Apart from improving cross-border payments, CBUAE’s governor noted that the pilot was also targeted at enhancing the local financial sector...
Hong Kong reveals new CBDC design in collaboration with BIS Innovation Hub
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26 October, 2022

Hong Kong reveals new CBDC design in collaboration with BIS Innovation Hub

Project Aurum highlighted a technological stack to explore the viability of wholesale and retail CBDCs, utilizing two different tokens—intermediated CBDCs...
Sweden central bank partners with Israel, BIS on ‘Project Icebreaker’ CBDC test
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7 October, 2022

Sweden central bank partners with Israel, BIS on ‘Project Icebreaker’ CBDC test

Sveriges Riksbank is also partnering with Norway in Project Icebreaker to test the viability of CBDCs in international retail and...
Bank for International Settlements, Hong Kong central bank tap distributed ledger tech to raise SME funding
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22 September, 2022

Bank for International Settlements, Hong Kong central bank tap distributed ledger tech to raise SME funding

The Hong Kong Monetary Authority and the Bank for International Settlements seek to leverage the benefits of decentralized finance and...
BIS: CBDCs could solve cross border friction, but interoperability still major challenge
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16 July, 2022

BIS: CBDCs could solve cross border friction, but interoperability still major challenge

BIS and IMF say that using CBDCs could solve many challenges with cross-border movement of funds, but question whether central...
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