Status : Development
Usecase : Wholesale
In early 2020, the Central Bank of Bahrain announced that it would pilot the CBDC Policy-Maker Toolkit developed by the World Economic Forum as part of the CBB’s research on the impact of digital currencies on the economy. In May 2021, the CBB began collaborating with JP Morgan and Bahrain-based Bank ABC to pilot an instantaneous cross-border payment system using US dollars. In early January 2022, the CBB successfully completed a digital currency settlement test using JP Morgan’s JPM Coin system. It was facilitated by JP Morgan’s new blockchain-focused business unit Onyx.
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Earlier this month, media reported that Tunisia had become the first country to issue a CBDC. Now that the central bank has denied the news, it’s time to take a closer look…
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