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Companies

BIS: World’s First CBDC Pilot With Four Countries Is Completed

“The Bank for International Settlements – BIS Innovation Hub Hong Kong Centre, Hong Kong Monetary Authority, Bank of Thailand, People’s Bank of China and the Central Bank of The UAE announce the successful completion of the first CBDC pilot involving four jurisdictions and real-value transactions. Previously known as Project Inthanon-LionRock, the project was renamed as “m-CBDC Bridge” […]
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Companies

Harmonisation of ISO 20022: Partnering with Industry for Faster, Cheaper, and More Transparent Cross-Border Payments

“With most of the world’s payment systems adopting ISO 20022 by 2025, the coming years will be crucial for converging on a harmonised use of the messaging standard to fully leverage its potential to make cross-border payments faster, cheaper and more transparent. This article provides an update on a workstream of the G20 cross-border payments […]
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Companies

Application of the Principles for Financial Market Infrastructures to Stablecoin Arrangements

“The Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) publish their guidance on the application of the Principles for financial market infrastructures (PFMI) to systemically important stablecoin arrangements (SAs), including the entities integral to such arrangements. The guidance highlights that the transfer function of […]