Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector

swiss french central banks to trial wholesale cbdc settlements with bis and private sector

Sumary of Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector:

  • The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions..
  • The tests will be supported by an Accenture-led private sector consortium that also includes Credit Suisse, Natixis, R3, SIX Digital Exchange, and UBS..
  • #BISInnovationHub @banquedefrance and the Swiss National Bank launch #ProjectJura – a collaborative experiment into wholesale #CBDC @SNB_BNS_en https://t.co/vtbMCSJA6i pic.twitter.com/lV7mKI7R0S The project has been named “Jura,”.
  • The experiment will focus on cross-border settlements powered by two wholesale CBDCs and a French digital financial instrument on a distributed ledger technology (DLT) platform, SNB detailed in a press release published Thursday..
  • Project Jura to Test Effectiveness of Wholesale CBDCs in Cross-Border Settlement Dozens of central banks around the world have been working on projects to issue CBDCs, including those of China, Russia, the U.S., and the Eurozone..
  • The People Bank of China has arguably the most advanced project, with numerous domestic trials already underway and a plan to test the digital yuan (e-CNY) in cross-border transactions with Hong Kong….

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