MAS and Banque de France explore cross-border transactions in CBDC experiment

MAS and Banque de France explore cross-border transactions in CBDC experiment
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SINGAPORE (July 8): The Monetary Authority of Singapore (MAS) and Banque de France (BdF) have on Thursday announced the completion of a wholesale cross-border payment and settlement experiment using central bank digital currency (CBDC). 

The experiment, supported by JP Morgan’s Onyx, simulated cross-border transactions involving multiple CBDCs (mCBDC) on a common network between Singapore and France.

This is the first m-CBDC experiment that applied...(click on link for full story on theedgesingapore.com)