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21 June 2021

BIS joins France and Switzerland's central banks on cross-border CBDC project

BIS joins France and Switzerland's central banks on cross-border CBDC project


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BIS joins France and Switzerland's central banks on cross-border CBDC project.

The Bank of France and the Swiss National Bank are teaming up with the Bank for International Settlements’ Innovation Hub to test a wholesale central bank digital currency (CBDC) system dubbed “Project Jura.”.

However, the Bank of France circular clarified that Project Jura remains an exploratory study and does not indicate any plans to issue a CBDC by another of the participating central banks.

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