China: Project mBridge on Central Bank Digital Currency (CBDC)
Progress
Current status
under deliberation
05 Jun 2024 under deliberation
26 Oct 2022 under deliberation
Scope
Implementers
China
Thailand
United Arab Emirates
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
bi- or plurilateral agreement
Timeline of events
Launched Project mBridge Minimum Viable Product platform for early adopters
On 5 June 2024, the Central Bank of the UAE (CBUAE), in collaboration with the Bank for International Settlements Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, the Bank of Thailand, and the Digital Currency Institute of the Peop…
SourceEvent type
outline
Action type
announcement
Government branch
executive
Government body
central bank
Announced completion of CBDC Project mBridge pilot phase
On 26 October 2022, the Hong Kong Monetary Authority published a report announcing the completion of the pilot phase of Project mBridge in collaboration with the Bank for International Settlements Innovation Hub, the Bank of Thailand, the Digital Cu…
SourceEvent type
declaration
Action type
announcement
Government branch
executive
Government body
central bank