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0.000212425952658034 -4.82786256043168E-06 -0.000415196180195066 -6.75900758457691E-05 0.00145270384442702 0.000212425952658034 -0.000246220990580781 0.000671072895896848
Stock impact report

Top commercial banks join G7-led central bank digital currency trial [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Agora project involves seven central banks in total and will aim to see if so-called 'tokenised' bank deposits can be used in combination with tokenised central bank digital currencies (CBDCs) in a faster and more advanced system. It will focus on what are known as 'wholesale' CBDCs - which are used only between banks rather than by the public - and look to iron out the challenges of different time zones, legal requirements and regulatory and technical systems. The list of commercial banks taking part includes many of the world's biggest lenders such as JPMorgan, HSBC, UBS and Japan's MUFG. It also cements something of a divide in the development of CBDCs, between the G7-led Agora project and another called mBridge launched in 2021 between the central banks of China, Hong Kong, Thailand and the United Arab Emirates and recently joined by Saudi Arabia. (Reporting by Marc Jones; Editing by Tomasz Janowski) Recommended Stories Show less Read more
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