Altcoin News Daily Official TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Research into safe and sustainable CBDC system s has continued apace, with the Bank of International Settlements on Friday outlining the agency’s latest steps to provide a “security and resilience framework” for them. The idea behind the Bank of International Settlements’ paper, published on Friday, was to help banks safeguard against risks when it comes to CBDC implementation.  The paper, dubbed Project Polaris, is designed to get ahead of CBDC launches and protect “critical infrastructure.” While some central banks — such as Kenya — have said the once-promising allure of CBDCs has faded, other financial institutions, like the IMF, are receptive to possible adaptation. While central banks largely have cyber security measures in place, the introduction and rollout of CBDCs could lead to new risks. While over 100 countries — including the UK and US — are currently exploring a potential CBDC, few have moved beyond small-stage, pilot projects and into actual implementation.  “CBDC ...