{"id":48735,"date":"2021-09-02T11:15:15","date_gmt":"2021-09-02T08:15:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48735"},"modified":"2025-09-02T08:55:12","modified_gmt":"2025-09-02T05:55:12","slug":"four-central-banks-will-test-cross-border-cbdc-settlements","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/four-central-banks-will-test-cross-border-cbdc-settlements\/","title":{"rendered":"Four central banks will test cross-border CBDC settlements"},"content":{"rendered":"<p>As part of the BIS&#8217;s new project named &#8216;Danbar&#8217;, the central banks of Australia, Malaysia, Singapore and South Africa will develop prototypes of platforms for cross-border CBDC settlements. This is reported in a <a href=\\\"https:\/\/www.bis.org\/press\/p210902.htm\\\">BIS press release<\/a>.<\/p>\n<p>The project aims to develop prototypes of common platforms for international transfers using multiple CBDCs. They aim to remove intermediaries in CBDC settlements, reducing settlement times and transaction costs.<\/p>\n<p>The project will be led by BIS&#8217;s innovation hub in Singapore. Results are expected to be presented in early 2022.<\/p>\n<p>Earlier in March, the BIS <a href=\"https:\/\/forklog.com\/en\/news\/bis-urges-cooperation-on-cbdcs\">urged cooperation<\/a> in CBDC development, and later the organisation <a href=\"https:\/\/forklog.com\/en\/news\/bis-urges-greater-focus-on-cross-border-cbdcs\">emphasised<\/a> that central banks developing national digital currencies should pay greater attention to their use in cross-border transfers.<\/p>\n<p>In June, it emerged that the BIS&#8217;s innovation hub, together with regulators from France and Switzerland, <a href=\"https:\/\/forklog.com\/en\/news\/bis-joins-cbdc-testing-in-cross-border-settlements\">will test CBDCs in cross-border settlements<\/a>.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of the BIS&#8217;s new project named &#8216;Danbar&#8217;, the central banks of Australia, Malaysia, Singapore and South Africa will create prototypes of platforms for cross-border CBDC settlements. This is reported in a BIS press release.<\/p>\n","protected":false},"author":1,"featured_media":48736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1430,1095,809],"class_list":["post-48735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bis","tag-cbdc","tag-central-banks"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=48735"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48735\/revisions"}],"predecessor-version":[{"id":48737,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48735\/revisions\/48737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/48736"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=48735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=48735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=48735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}