Asian central banks co-ordinating CBDC work in ‘near real time’
RBI deputy governor says Seacen members tend to use public-key cryptography in their design
Members of the South East Asian Central Banks (Seacen) alliance are developing central bank digital currencies (CBDCs) in tandem, with almost immediate updates.
In a speech on February 15, deputy governor of the Reserve Bank of India Michael Patra said members were “actively co-ordinating their efforts to develop CBDCs, with near-real-time exchanges of information on progress”.
Seacen’s members are at various stages of developing their CBDCs. However, Patra said: “The central tendency seems to be
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