Foresight News reports that CCTV News has learned from the Multilateral Central Bank Digital Currency Bridge Steering Committee that after more than 3 years of development, the preliminary exploratory work of the multilateral central bank digital currency bridge project has been completed. The project has reached a mature level suitable for handover to all participating parties, and the currency bridge project will be fully taken over by the participating central banks and monetary authorities for ongoing development and operation. The currency bridge steering committee currently consists of the Bank for International Settlements Hong Kong Innovation Center, the Bank of Thailand, the Digital Currency Research Institute of the People's Bank of China, the Central Bank of the UAE, and the Hong Kong Monetary Authority.