{"id":293764,"date":"2021-07-08T13:31:56","date_gmt":"2021-07-08T10:31:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/france-and-singapore-pilot-cross-border-cbdc-transactions\/"},"modified":"2021-07-08T13:31:56","modified_gmt":"2021-07-08T10:31:56","slug":"france-and-singapore-pilot-cross-border-cbdc-transactions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/france-and-singapore-pilot-cross-border-cbdc-transactions\/","title":{"rendered":"# France and Singapore pilot cross-border CBDC transactions"},"content":{"rendered":"<p>&#8220;<strong># France and Singapore pilot cross-border CBDC transactions <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvYTEwY2RmZGQtNzQ4Zi00N2E5LTk1YzctYTFkMzBkYjYyN2E2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Financial authorities in France and Singapore are actively exploring the cross-border <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications of central bank digital currencies (CBDCs.<\/p>\n<p>In a joint announcement on Thursday, the Bank of France and the Monetary Authority of Singapore (MAS) said that they successfully <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.banque-france.fr\/en\/communique-de-presse\/banque-de-france-and-monetary-authority-singapore-break-new-ground-cbdc-experimentation-0\">completed<\/a> a whole cross-border payment and settlement experiment using CBDCs and blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.<\/p>\n<p>The CBDC experiment was conducted with support and expertise from JPMorgan&#8217;s\u00a0digital currency-focused Onyx division\u00a0on a permissioned, privacy-enabled blockchain based on the investment bank&#8217;s Quorum blockchain infrastructure.\u00a0<\/p>\n<p>As part of the experiment, the Bank of France and MAS simulated cross-border and cross-currency transactions for a Singapore dollar-based CBDC and the euro.\u00a0<\/p>\n<p>\u201cWhile the experiment was limited to two central banks, the design of the m-CBDC [multiple CBDCs] network enabled it to be scaled up to support the participation of multiple central banks and commercial banks located in different jurisdictions,\u201d the announcement reads.<\/p>\n<p><em>This story is developing and will be udpated<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/france-and-singapore-pilot-cross-border-cbdc-transactions\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# France and Singapore pilot cross-border CBDC transactions &#8221; Financial authorities in France and Singapore are actively exploring the cross-border applications of central bank digital currencies (CBDCs. In a joint announcement on Thursday, the Bank of France and the Monetary Authority of Singapore (MAS) said that they successfully completed a whole cross-border payment and settlement&#8230;<\/p>\n","protected":false},"author":1,"featured_media":293765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvYTEwY2RmZGQtNzQ4Zi00N2E5LTk1YzctYTFkMzBkYjYyN2E2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75046,75022,75159,101291,32232,71511,70792,5012,4965],"class_list":["post-293764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cbdc","tag-central-bank","tag-digital-currency","tag-quorum","tag-france","tag-government","tag-jpmorgan-chase","tag-singapore","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/293764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=293764"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/293764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/293765"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=293764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=293764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=293764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}