The Bank of Spain plans to start a wholesale central bank digital currency (CBDC) project and on Monday opened a call for proposals from financial institutions and technology solution providers.
The program seeks to simulate the funds movement operations of a wholesale CBDC, the bank said in an official statement, adding that it also seeks to experiment with the integration of a wholesale CBDC with the settlement of financial assets and to analyze the possible advantages and disadvantages of its introduction.
(by Andrés Engler)
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