- BIS finalized tests on Project Icebreaker in collaboration with Israel, Norway, and Sweden.
- The exercise tested the technical feasibility of cross-border, cross-currency transactions with different retail CBDC systems.
- According to BIS, this process will redefine the determination of exchange rates during cross-border transactions.
Uluslararası Ödemeler Bankası (BIS), açıkladı the conclusion of its trial exercise for a new architecture for cross-border retail CBDCs. BIS carried out the trial with the support of the central banks of Israel, Norway, and Sweden in an exercise tagged Project Icebreaker.
BIS noted it used the opportunity to test the technical feasibility of conducting cross-border and cross-currency transactions between different experimental retail CBDC systems. According to the financial institution, Project Icebreaker is about exploring how to interlink domestic financial systems.
Source: https://coinedition.com/bis-concludes-ice-breaker-trial-for-cross-border-cbdc-implementation/