BIS wraps up cross-border retail CBDC ‘Project Icebreaker’
The Bank for International Settlements’ "Project Icebreaker" project delved into the benefits and risks of launching retail central bank digital currencies with cross-border functionalities.
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Israel, Sweden, Norway collaborate on retail CBDCs to offer instant cross-border transactions
Retail CBDCs could solve cross-border friction, but Yaron admitted that several challenges remain, including enforcing AML rules and possibly pushing private operators out of business.
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 remittance payments.