Kommunitas

<p>The Bank of Spain (BDE) intends to launch an experimental program to begin testing wholesale central bank digital currencies (CBDCs) and seeking collaboration proposals from local finance and technology institutions.The bank will focus on three main areas with the program that seeks to simulate the movement of funds, experiment with the liquidation of financial assets, and analyze the benefits and drawbacks of introducing a wholesale CBDC to its current processes and infrastructure. Moreover, the program is “exclusive” to the BDE and it stated it was unrelated to work being undertaken in the European Union researching the use of a digital euro.</p><p>#KOMnews #kommunitas #spain #centralbank #adoption #cbdc #cryptoupdate #cryptonews #cryptocurrency #blockchaintechnology</p>

Central Bank of Spain to Experiment with Wholesale CBDCs

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