Central Banks of Hong Kong and Israel Collaborate on CBDC Project

On September 12, the results of an innovative venture named Project Sela were unveiled by the Bank for International Settlements, along with the central banks of Hong Kong and Israel. This venture represented a public-private alliance aiming to craft a retail central bank digital currency (rCBDC), a blend of traditional cash features with digital benefits. The goal of this collaboration was to design a system that factored in policy, technological, security, and legal aspects. To achieve this, the project drew upon the expertise of fintech firms FIS and M10 Networks, relied on Clifford...

source: https://tokenpost.com/Central-Banks-of-Hong-Kong-and-Israel-Collaborate-on-CBDC-Project-10669

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