Project „Sela”[1] will focus on Two-Tier Retail CBDC with Exposure-less Cyber Secure Intermediaries The BIS Innovation Hub, the Bank of Israel and the Hong Kong Monetary Authority will join forces to test the feasibility of a cyber secure two-tier retail CBDC. In the proposed model the intermediaries will have no financial exposure resulting from their customers’ on-boarding, holding or transferring CBDC, therefore reducing the risk and costs associated with financial intermediation. […]
Project Dunbar will develop prototypes for shared platforms that will enable international settlements with digital currencies issued by multiple central banks. System aims to allow direct transactions between institutions, reducing costs and increasing speed. The Bank for International Settlements Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore, and South African Reserve Bank will join forces to test the use of central bank digital currencies (CBDCs) […]