Three Asian Central Banks Work on Cross-Border Digital Money Links
Edited by Steinar Vigdel Kolnes, Editor, Oslo
The BLOOM initiative seeks common approaches for cross-border transfers of regulated stablecoins and digital bank deposits.
Three central banks in Asia are working together on ways to transfer regulated stablecoins and digital bank deposits between markets, according to Bitcoin.com News.
The cooperation centers on BLOOM, an initiative intended to make connections between financial institutions in different jurisdictions less costly and complex.
The effort focuses on shared approaches to cross-border digital money settlement. The source excerpt does not name the participating central banks or provide a timetable for implementation.
Source: Bitcoin.com News
