Central banks are studying the application of regulated blockchain technologies as they look to provide their institutions with fast, secure and transparent means of payment as well as efficiencies of administration.
In addition to the work the Bank of England is undertaking on digital currency, the Bank of France, Bank of the Netherlands, Bank of South Korea, Bank of Thailand, Bank of Canada, and the European Central Bank are all assessing the opportunities and challenges presented by CBDC (Central Bank Digital Currency) and have received submissions from L3COS, the only known blockchain platform for the regulated digitalization of economies.
Continue read: https://globalfintechseries.com/central-banks-receive-submissions-from-l3cos-for-regulated-digital-currency-operating-system/
