mBridge Archives

China strikes deal with Kazakhstan on cross-border CBDC

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11 July, 2024

China strikes deal with Kazakhstan on cross-border CBDC

With an ambition to transform the cross-border payments ecosystem, China partners with Kazakhstan in exploring CBDCs, which comes at the...

Hong Kong, France to explore cross-border CBDCs outside of mBridge

Finance

Wahid Pessarlay

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3 July, 2024

Hong Kong, France to explore cross-border CBDCs outside of mBridge

Both Hong Kong and France will explore the interoperability of their wholesale CBDC systems via a regulatory sandbox to strengthen...

Finance

Steve Kaaru

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27 June, 2024

Tencent to participate in mBridge MVP

Through its domestic payments platform, Tenpay Global, Tencent has been testing mBridge payments for e-commerce exports and will participate in...

Eurosystem announces 48 participants in DLT trials

Finance

Gavin Lucas

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26 June, 2024

Eurosystem announces 48 participants in DLT trials

For the upcoming trials in July, DLT operators, comprising 48 private firms, will pilot cross-border and PvP transactions in an...

IMF’s work on CBDCs and digital currencies is straining its budget

Finance

Gavin Lucas

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25 June, 2024

IMF’s work on CBDCs and digital currencies is straining its budget

The IMF has suggested it may reduce its output frequency, provide lighter analysis and give general policy advice, adding that...

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

Finance

Steve Kaaru

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25 June, 2024

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

IMF says Middle Eastern and Central Asian countries can significantly benefit from CBDCs but urges caution as they come with...

Big Chinese banks announce involvement in mBridge CBDC project

Finance

Gavin Lucas

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18 June, 2024

Big Chinese banks announce involvement in mBridge CBDC project

The BIS announced that its mBrdige had entered the Minimum Viable Product stage and revealed that Saudi Arabia's central bank...

Finance

Gavin Lucas

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18 June, 2024

Is the BTC bull run over?

In this piece, Gavin Lucas outlines the potential catalysts for a new digital currency bull market might be and why...

mBridge members China, Thailand sign local currency agreement as they look to improve cross-border trade

Finance

Wahid Pessarlay

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30 May, 2024

mBridge members China, Thailand sign local currency agreement as they look to improve cross-border trade

The framework is expected to allow China and Thailand to carry out international trade in the Chinese yuan or the...

Russia BRICS Bridge eyed for cross-border payments with China, Gulf countries

Business

Wahid Pessarlay

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3 March, 2024

Russia BRICS Bridge eyed for cross-border payments with China, Gulf countries

The proposed BRICS Bridge system draws inspiration from the BIS-backed mBridge platform, with China and the United Arab Emirates already...

UAE records first digital dirham transaction via mBridge CBDC

Business

Wahid Pessarlay

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4 February, 2024

UAE records first digital dirham transaction via mBridge CBDC

The Central Bank of the United Arab Emirates initiated a 50 million dirham ($13.6 million) transfer to China at the...

BIS releases details for widely anticipated Project mBridge ahead of MVP

Business

Wahid Pessarlay

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5 November, 2023

BIS releases details for widely anticipated Project mBridge ahead of MVP

Project mBridge is inching forward to launching an MVP in 2024, and to achieve this, the Bank for International Settlements...

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