Cryptocurrencies
French and Swiss Launch Cross-Border Digital Currency Trial
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The central banks of Switzerland and France have joined forces with commercial banks to experiment on a wholesale cross-border digital currency, according to a statement.
UBS Group AG, Credit Suisse Group AG, Accenture Plc and Natixis SA are among the private-sector players involved. The effort was launched under the auspices of the innovation hub at the Bank for International Settlements.