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mBridge CBDC project preparing for new members, launch of minimum viable product

Yue said tests have shown mBridge to provide faster, cheaper, more transparent cross-border payments. The project was initiated in 2021 with the participation of the HKMA and the central banks of China, Thailand and the United Arab Emirates, as well as commercial banks from each of those jurisdictions and the Bank for International Settlements Innovation Hub.

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Source: Cryptocurrency - investing.com

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