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

By Alun John on Feb 24, 2021 11:43AM

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 ...

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