In a presentation to the 18th annual global meeting of the International Finance Forum, Di Gang – deputy director of the Digital Currency Institute (DCI) of the People’s Bank of China (PBoC) – said his organization was taking the lead in developing a blockchain platform for trade finance.
The DCI is part of a joint venture with the Hong Kong Monetary Authority, Bank of Thailand and the Central Bank of the UAE to develop a multi-central bank digital currency (CBDC) platform for international payments, the latest phase of which will test business-use cases in international trade.
The real challenge is whether or not trading partners actually want to settle in RMB
Zennon Kapron, Kapronasia
Thanks for your interest in Euromoney!
To unlock this article:
