BIS Innovation Hub

BIS Innovation Hub and central banks of Australia, Malaysia, Singapore and South Africa develop experimental multi-CBDC platform for international settlements

The Bank for International Settlements (BIS) Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, the Monetary Authority of Singapore, and the South African Reserve Bank announced Tuesday the completion of prototypes for a common platform enabling international settlements using multiple central bank digital currencies (mCBDCs). Led by the…