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