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Research on central bank digital currency lends hope to smoother cross border transactions

Recent research published by several central banks in Asia has revealed the potential for smoother cross-border transfers and lower costs on a multiple Central Bank Digital Currency (CBDC) platform. The research findings were jointly published by the Hong Kong Monetary Authority (HKMA), the Hong Kong Centre of the Bank for International Settlements Innovation Hub (BISIH), the Bank of Thailand, the…

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