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BIS official casts doubt on El Salvador bitcoin 'experiment'

LONDON (Reuters) -El Salvador's decision to make bitcoin legal tender is an "interesting experiment" with a speculative asset that does not pass the test for being a reliable means of payment, a senior global central banking official said on Friday. The central American country on Wednesday became the first country in the world to adopt bitcoin as its national currency, saying it would help Salvadorans living abroad send remittances home. "El Salvador, that is an interestin...
El Salvador Benoit Coeure Bank For International Settlements Entral Banking Eliable Means National Currency
Source: yahoo.com

French and Swiss Launch Cross-Border Digital Currency Trial

(Bloomberg) -- The central banks of Switzerland and France have joined forces with commercial banks to experiment on a wholesale cross-border digital currency, according to a statement. UBS Group AG, Credit Suisse Group AG, Accenture Plc and Natixis SA are among the private-sector players involved. The effort was launched under the auspices of the innovation hub at the Bank for International Settlements. The project will look at cross-border settlement of two wholesale central-bank digital curre...
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