CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
cryptonews 2023-09-13 09:31:00

CBDC Collaboration Between Hong Kong and Israel Prioritizes Data Privacy and Security

A collaboration between the Bank for International Settlements (BIS) and the central banks of Hong Kong and Israel has demonstrated that central bank digital currencies (CBDCs) can settle on centralized ledgers without compromising privacy. Dubbed Project Sela, the joint experiment has proven that a retail CBDC that combines accessibility, competition and security, while retaining the advantages of physical cash, is feasible, the BIS wrote in a statement.... Read More: CBDC Collaboration Between Hong Kong and Israel Prioritizes Data Privacy and Security

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.