• Home
  • Login
  • Register
The Central Bank Digital Currency Insider
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
SUBSCRIBE
No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
No Result
View All Result
The Central Bank Digital Currency Insider
No Result
View All Result

HK, Singapore to Help BIS Advance CBDC Development

by CBDC Insider
January 25, 2021
in Asia, Business
Reading Time: 1min read
0
HK, Singapore to Help BIS Advance CBDC Development
Share on FacebookShare on Twitter

Hong Kong and Singapore will play key roles in central bank digital currency (CBDC) research being conducted by the Bank for International Settlements (BIS).

The BIS, known as the central bank of central banks, has announced that CBDC research will be a top priority in the coming year for its Innovation Hub, which has centers in Hong Hong, Singapore and Switzerland that have been established in conjunction with local central banks, Cointelegraph reports.

According to its annual work program, the Innovation Hub plans to “explore the feasibility of faster and cheaper cross-border payments” using central bank digital currencies and explore prototypes of “tiered retail CBDC distribution architectures” and distributed ledgers to issue “tokenized green bonds to retail investors.”

RELATED STORIES

Taiwan’s CBDC Project Needs At Least Two More Years, Says Central Bank Governor

Taiwan’s CBDC Project Needs At Least Two More Years, Says Central Bank Governor

June 30, 2022
Montran and eCurrency Announce the Very First CBDC Solution

Montran and eCurrency Announce the Very First CBDC Solution

June 30, 2022

The center in Singapore will build an “international settlement platform” on which regulated banks and payment firms can settle transactions using CBDCs.

The Hong Kong center will work on the green bond tokenization project, build a bridge to facilitate foreign exchange transactions using CBDCs, and explore different models for stablecoin issuance.

Read more: https://asiatimes.com/2021/01/hk-singapore-to-help-advance-cbdc-development/

Previous Post

Big Cities in China Plans to Conduct More Pilot Testing of CBDC in 2021

Next Post

China to Give Away $4.6M in Digital Yuan as the Country Furthers CBDC Trials

Next Post
China to Give Away $4.6M in Digital Yuan as the Country Furthers CBDC Trials

China to Give Away $4.6M in Digital Yuan as the Country Furthers CBDC Trials

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register