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CBDCs: Project mBridge to enter pilot stage next year
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CBDC fever has spurred many financial institutions across the world into action. Along with the BIS Innovation Hub, the Bank of Thailand, the Central Bank of the U.A.E., the People’s Bank of China [Digital Currency Institute], and the Hong Kong Monetary Authority are working together to develop a multi-CBDC platform – or bridge – for international remittances.
A report shared by the Bank of Thailand revealed more recent updates regarding the program.
Of all the use cases for the mBridge project,
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