Australian Finance Minister Katy Gallagher has warned that Australia and the world are facing the risk of global stagnation and high inflation, a situation known as stagflation. In its latest annual report, the Bank for International Settlements (BIS), also known as the central bank of central banks, said the world’s economic developments in the past…
International Bank Develops Prototype for Cross-Border Digital Currency Settlement Platform
March 22, 2022
admin
Bank for International SettlementsBusiness & Economycentral bank digital currencydigital currencieseconomic policiesInternationalMarketsWorld
0 Comment
The Bank for International Settlements (BIS) has developed two prototypes for a shared platform that will allow for international settlements using digital currencies issued by multiple central banks. Code-named “Project Dunbar,” the platform is designed in a way to enable cross-border transactions using different currencies between financial institutions. The solution can potentially reduce the reliance…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`