BIS Exits Project mBridge Over Sanctions Concerns

BIS Exits Project mBridge Over Sanctions Concerns In a significant development within the realm of central bank digital currencies (CBDCs), the Bank for International Settlements (BIS) has officially withdrawn from Project mBridge, a cross-border CBDC initiative involving China, Hong Kong, Thailand, Saudi Arabia, and the UAE. This decision marks a pivotal moment for the project

Source: Bitcoin World