🇨🇳 China wants to launch an analogue of Swift

- The Chinese national blockchain project Blockchain Service Network has launched an initiative aimed at ensuring the compatibility of stablecoins and CBDC.

- The goal is to allow businesses from different countries to "make transactions and settle in different regulated digital currencies."

- Deutsche Bank, Hongkong and Shanghai Banking Corporation (HSBC), Standard Chartered and Bank of East Asia, participated in a panel discussion with Red Date at the UDPN launch event.


#cbdc #bsn #china #stablecoin