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Post by account_disabled on Dec 28, 2023 10:09:00 GMT
The past year it was found that There have been several successful wholesale CBDC pilot projects as well. The first retail CBDC project on the index is 'eNaira', the Central Bank of Nigeria (CBN) digital currency, which is the first CBDC on the African continent. It is followed in second place by the 'Sand Dollar' issued by the Central Bank of the Bahamas. in October 2020 and ranked third 'Digital Yuan' of the People's Republic of China.
The group of large economies It has been trialling central Phone Number Data bank digital currencies for citizens since 2020, and as of March 2022, trials are still ongoing in 12 cities, including Beijing. and Shanghai As for the wholesale CBDC project that has made the most progress, the first is the Multiple Central Bank Digital Currency Bridge (mBridge) project, which is a digital currency development project.
For international money transfers It was initiated by the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BoT) to develop a multi-currency international payment model. And it can be done in real time through decentralized processing technology (Distributed Ledger Technology: DLT). Two new CBDC projects from the Monetary Authority of Singapore (MAS) were also ranked second.
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