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	'''mBridge''' is a platform developed by a group of central banks, including the ] (HKMA), the ] (BoT), the ] (CBUAE), the ] of the ] (PBC DCI), and the ] Hong Kong Centre (BISIH Hong Kong Centre).<ref>{{Cite journal \|date=2022-10-26 \|title=Project mBridge: Connecting economies through CBDC \|url=https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm \|language=en}}</ref> The platform is designed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using ], and it is based on a new ] called the ''mBridge Ledger''. The platform is designed to ensure compliance with jurisdiction-specific policy and legal requirements, regulations, and governance needs.		'''mBridge''' is a platform developed by a group of central banks, including the ] (HKMA), the ] (BoT), the ] (CBUAE), the ] of the ] (PBC DCI), and the ] Hong Kong Centre (BISIH Hong Kong Centre).<ref>{{Cite journal \|date=2022-10-26 \|title=Project mBridge: Connecting economies through CBDC \|url=https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm \|language=en}}</ref> The platform is designed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using ], and it is based on a new ] called the ''mBridge Ledger''. The platform is designed to ensure compliance with jurisdiction-specific policy and legal requirements, regulations, and governance needs.

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Banking platform

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mBridge is a platform developed by a group of central banks, including the Hong Kong Monetary Authority (HKMA), the Bank of Thailand (BoT), the Central Bank of the United Arab Emirates (CBUAE), the Digital Currency Research Institute of the People's Bank of China (PBC DCI), and the BIS Innovation Hub Hong Kong Centre (BISIH Hong Kong Centre). The platform is designed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using CBDCs, and it is based on a new blockchain called the mBridge Ledger. The platform is designed to ensure compliance with jurisdiction-specific policy and legal requirements, regulations, and governance needs.

A pilot involving real corporate transactions was conducted on the platform among participating central banks, selected commercial banks, and their customers in four jurisdictions. The project has focused on developing hypothetical use cases in the Greater Bay Area (GBA) as a way to demonstrate the technology and operational improvements that mBridge can offer. The next phases of the project are expected to include additional use cases and participants, and further work on the legal and governance framework.

References

"Project mBridge: Connecting economies through CBDC". 2022-10-26. {{cite journal}}: Cite journal requires |journal= (help)

Categories:

Revision as of 01:56, 18 February 2023 editAnomieBOT (talk \| contribs)Bots6,589,343 editsm Dating maintenance tags: {{Morerefs}} {{Notability}}← Previous edit		Revision as of 18:12, 30 July 2023 edit undoJosve05a (talk \| contribs)Autopatrolled, Extended confirmed users, New page reviewers, Pending changes reviewers, Rollbackers155,580 editsm →top: added orphan tagTag: AWB Next edit →
Line 1:		Line 1:
⚫	{{notability\|date=February 2023}}
⚫	{{~~morerefs~~\|date=February 2023}}
	{{Short description\|Banking platform}}		{{Short description\|Banking platform}}

			{{Multiple issues\|
		⚫	{{notability\|date=February 2023}}
		⚫	{{more citations needed\|date=February 2023}}
			{{Orphan\|date=July 2023}}
			}}

	'''mBridge''' is a platform developed by a group of central banks, including the ] (HKMA), the ] (BoT), the ] (CBUAE), the ] of the ] (PBC DCI), and the ] Hong Kong Centre (BISIH Hong Kong Centre).<ref>{{Cite journal \|date=2022-10-26 \|title=Project mBridge: Connecting economies through CBDC \|url=https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm \|language=en}}</ref> The platform is designed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using ], and it is based on a new ] called the ''mBridge Ledger''. The platform is designed to ensure compliance with jurisdiction-specific policy and legal requirements, regulations, and governance needs.		'''mBridge''' is a platform developed by a group of central banks, including the ] (HKMA), the ] (BoT), the ] (CBUAE), the ] of the ] (PBC DCI), and the ] Hong Kong Centre (BISIH Hong Kong Centre).<ref>{{Cite journal \|date=2022-10-26 \|title=Project mBridge: Connecting economies through CBDC \|url=https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm \|language=en}}</ref> The platform is designed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using ], and it is based on a new ] called the ''mBridge Ledger''. The platform is designed to ensure compliance with jurisdiction-specific policy and legal requirements, regulations, and governance needs.