BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

The Bank for International Settlements (BIS) has released a report summarizing theProject Icebreakertrial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in cross-border payments. The experiment was designed to test “the…

Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System

Izrael’s central bank says the publics adoption of the digital shekel is not expectedto materially affect the banking system.The bank, vendar, warns that any issuance of such digital currency will likely result in a decline of the volume of