BIS Innovation Hub and central banks to test CBDCs for international settlements
Project Dunbar will develop prototypes for shared platforms that will enable international settlements with digital currencies issued by multiple central banks
Project Dunbar will develop prototypes for shared platforms that will enable international settlements with digital currencies issued by multiple central banks
India is currently ranked as one of the fastest-growing countries in terms of crypto adoption in the world.
The institution also plans to crack down on the space by blocking crypto trading websites, applications, and corporate channels.
GSBN has set its sights on the Southeast Asian market initially, having been incorporated in Hong Kong earlier this year.