China's central bank joins cross-border digital currency pilot

By on
China's central bank joins cross-border digital currency pilot

Uses distributed ledger technology.

China's central bank will join a project looking at using central bank digital currencies (CBDC) for cross-border payments, the Bank of International Settlements said. CBDCs are like banknotes or coins, and give holders a direct claim on the central bank, potentially leapfrogging commercial ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Log In

Email:
Password:
  |  Forgot your password?