KUALA LUMPUR: Bank Negara Malaysia (BNM) along with three other central banks and The Bank for International Settlements (BIS) Innovation Hub, has completed prototypes for a common platform enabling international settlements using multiple central bank digital currencies (mCBDCs).
Led by the Innovation Hub’s Singapore Centre, Project Dunbar proved that financial institutions could use CBDCs issued by participating central banks to transact directly with each other on a shared platform.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!