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Central Banks of China, UAE Join Blockchain-Based CBDC Payments Project

The Hong Kong Monetary Authority and the Bank of Thailand have announced the central banks of China and the United Arab Emirates are joining a project looking to use blockchain tech for regional payments.

The “Multiple Central Bank Digital Currency Bridge” (m-CBDC) project will explore the capabilities of distributed ledger technology (DLT) through the development of a proof-of-concept (PoC) prototype, according to a joint statement Tuesday.…

This data comes from the ChinaPulse.com media intelligence and smart news insights platform.

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