Ultimate magazine theme for WordPress.
Строка

New York Fed Starts 12-Week Pilot of Digital Liabilities

0 0

New York Fed Starts 12-Week Pilot of Digital Liabilities
iHodl.com

The New York Federal Reserve has announced the launch of a 12-week pilot of digital central bank liabilities with a group of commercial banks.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

The financial regulator said in a statement on Tuesday that the so-called Regulated Liability Network US Pilot will experiment with the concept of a regulated network. The transactions of digital assets will be facilitated between financial institutions using a distributed ledger, the New York Fed said.

«This theoretical financial market infrastructure provides a multi-asset, always-on, programmable infrastructure containing digital representations of central bank, commercial bank, and regulated non-bank issuer liabilities, denominated in US dollars,» the statement said.

Fed Member Criticizes Launch of Digital Dollar

The pilot will be divided into three workstreams: technology, organization, and settlement with the help of BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank and Wells Fargo.

The New York Fed said it would release a report summarizing the findings from design and testing once the pilot is over.

Access more than 50 of the world’s financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Источник: ru.ihodl.com

Оставьте ответ

Ваш электронный адрес не будет опубликован.