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This first batch of projects for 2024, focusing on CBDCs, green finance, cybersecurity and steps to eliminate financial crime, builds on a further eight projects that are currently ongoing and 12 that were completed during 2023

Project Sela has proven the simplicity of a retail central bank digital currency (rCBDC) ecosystem that combines accessibility, competition and preventative cyber security, while retaining key advantages of physical cash

The study, published by BIS Innovation Hub Nordic Centre, evaluates how central bank digital currency payments could be made without access to the Internet, an essential consideration for resilience planning and for CBDC payments in remote locations

The Bank for International Settlements and Bank of England have completed their joint initiative named Project Meridian, which was the first programme to be completed by the BIS Innovation Hub in London

Working alongside central banks from Israel, Norway and Sweden, the PoC evaluates the technical feasibility of making cross-border and cross-currency payments between retail CBDC systems

The Bank for International Settlements has completed a pilot with four central banks as part of its Project mBridge initiative that aims to deliver cross-border payments between commercial banks using central bank digital currencies

New report by the BIS, IMF and World Bank says central banks must review multinational interoperability and foreign investor access to secure best use of central bank digital currencies in cross-border payments

The Bank for International Settlements outlines its programme for its soon-to-launch Eurosystem Centre, with offices in Frankfurt and Paris, and new projects for its Hong Kong Centre

Singapore might be one of the most prosperous countries in the world and an international financial centre, but in securities finance, market activity remains muted. Sophie Downes reports