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NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test

NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test

Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said.

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Author: Nikhilesh De


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