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China has completed testing for its privacy-first CBDC blockchain ‘mBridge’

Chinese official reveals details of its blockchain system for Currency Bridge, enabling atomic and cross-border payments with simultaneous forex settlement.  During a key session at the FinTech Symposium in Hong Kong’s Science and Technology Week, the lead of the Digital Currency Institute of the People’s Bank of China Mu Changchun detailed

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Project mBridge reveals details of its workings ahead of MVP, commercial debut

The Bank for International Settlements (BIS) released a colorful and fact-filled Project mBridge update on Oct. 31. The publication combines technical and promotional discussions in a shift of tone as the project prepares to become a minimum viable project for commercial launch next year.The update gathers a significant amount of

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mBridge CBDC project preparing for new members, launch of minimum viable product

Project mBridge may soon see significant expansion, according to Hong Kong Monetary Authority (HKMA) CEO Eddie Yue. He outlined the plans for the central bank digital currency (CBDC) project in a speech in Shanghai.Yue said tests have shown mBridge to provide faster, cheaper, more transparent cross-border payments. The project was

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BIS releases full report on mBridge wholesale CBDC platform after successful pilot

The Bank for International Settlements (BIS) has released the full details of its mBridge pilot project to use central bank digital currencies (CBDCs) for foreign exchange. Commercial banks in four jurisdictions made cross-border transfers using CBDCs and distributed ledger (blockchain) technology in the project, which was heralded as a success.Twenty

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