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BIS Completes Successful Pilot Study of Central Bank Digital Currencies for Cross-Border Payments

The Bank for International Settlements (BIS) has completed a pilot study of the use of central bank digital currencies (CBDCs) for cross-border payments in collaboration with central banks in Norway, Sweden, and Israel.
The pilot study, called Project Icebreaker, aimed to test the “technical feasibility” of transfers across borders that involve different CBDC…
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