Project Sela News Today

The project has successfully tested the cross-border trading and settlement of hypothetical euro, Singapore dollar and Swiss franc CBDCs between simulated financial institutions.

Despite hopeful talk of a Brics currency, the time is not yet ripe for such a move. It is more feasible for each state to launch a central bank digital currency and work towards interoperability.

The Bank for International Settlements’ Project Sela used novel intermediaries to cut liquidity risk for central bank digital currencies.Sela feed...

Project Sela has proven the simplicity of a retail central bank digital currency (rCBDC) ecosystem that combines accessibility, competition and preventative cyber security, while retaining key advantages of physical cash

Project Sela has proven the simplicity of a retail central bank digital currency (rCBDC) ecosystem that combines accessibility, competition and preventative cyber security, while retaining key advantages of physical cash

A Bank for International Settlements project has suggested using “access enablers” to make a retail central bank digital currency more accessible and private.

Staff reporter Hong Kong Monetary Authority chief executive Eddie Yue Wai-man has been appointed chair of the Bank for International Settlem...

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