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Foreign Exchange Transactions Take Center Stage in New BIS CBDC Report

The Bank for International Settlements tested its mBridge project for foreign exchange transactions.

By Nikhilesh De
Updated Oct 26, 2022, 5:53 p.m. Published Oct 26, 2022, 7:00 a.m.
The Industrial and Commercial Bank of China was one of 20 commercial banks trialing foreign exchange payments as part of Project mBridge. (Vincent Isore/IP3/Getty Images)
The Industrial and Commercial Bank of China was one of 20 commercial banks trialing foreign exchange payments as part of Project mBridge. (Vincent Isore/IP3/Getty Images)