The currency bridge will be fully developed and operated by participating central banks and monetary authorities

It is learned from the Steering Committee of the Multilateral Central Bank Digital Currency Bridge that after more than 3 years of development, the preliminary exploratory work of the Multilateral Central Bank Digital Currency Bridge (hereinafter referred to as the "Currency Bridge") project has been completed. The project has reached a mature level that can be handed over to the participants. The Currency Bridge project will be fully taken over by the participating central banks and monetary authorities for continuous development and operation. The Currency Bridge Steering Committee is currently composed of the Hong Kong Innovation Center of the Bank for International Settlements, the Bank of Thailand, the Digital Currency Research Institute of the People's Bank of China, the Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority. (CCTV