The technical architecture proposed in a new whitepaper includes a privacy preservation arrangement that also allows for transaction traceability.
October 5, 2021The prototype platform was able to complete international transfers and foreign exchange operations in seconds while also lowering the cost of cross-border operations.
September 29, 2021Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.
September 21, 2021The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.
September 3, 2021BIS Innovation Hub, HKMA and private sector firms will tokenise green bonds to facilitate investment in and improve the transparency of green projects.
August 25, 2021BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.
July 29, 2021A new report from CPMI, BIS Innovation Hub, the IMF and the World Bank highlights the need for multilateral collaboration and interoperability between CBDCs.
July 13, 2021The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.
July 11, 2021Officials agree to explore cross-border financial regulation, carbon market trading linkages, and collaboration opportunities via their BIS Innovation Hub centres.
July 1, 2021The Nordic Centre was opened in collaboration with the central banks of Denmark, Iceland, Norway and Sweden.
June 17, 2021