The first pillar is the soft launch of the ongoing project mBridge, a collaboration between the Bank for International Settlements (BIS) and the central banks of Hong Kong, the Chinese mainland, the United Arab Emirates and Thailand to study cross-border payments and multi-CBDC transactions.
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- Source: https://www.coindesk.com/policy/2023/03/24/uae-unveils-cbdc-strategy-first-phase-to-be-completed-by-mid-2024/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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