The Bank for International Settlements is working with the Central Bank of Switzerland on a new cryptoproject.
The project is actually a proof of concept of the CBDC, which should be completed by the end of the year.
Since the world’s central banks are so focused on the CBDCs, the BIS decided to join the movement.
The Bank for International Settlements (BIS), also known as the central bank of banks, is working on a new project with the Swiss central bank. This is a pilot project of the CBDC, which, according to a BIS executive body, should be completed by the end of the year.