According to ChainCatcher news and reports from the Securities Times, the Multilateral Central Bank Digital Currency Bridge Steering Committee issued a statement on promoting the sustainable operation of the Currency Bridge project, stating that the project will be fully taken over by the participating central banks and monetary authorities for continuous development and operation. The Currency Bridge project team (hereinafter referred to as the 'project team') will do its utmost to advance the project from the Minimum Viable Product (MVP) stage to full production stage.
Agustín Carstens, General Manager of the Bank for International Settlements (BIS), recently announced that the preliminary exploratory work of the Currency Bridge project has been completed, and the project has reached a mature level that can be transferred to each participating party. The BIS has been involved in the Currency Bridge project for four years, collaborating with several central bank partners and numerous observer members in the project. 'This project has been successful enough that we can announce the project is ready to graduate from the BIS,' said Carstens.
The Multilateral Central Bank Digital Currency Bridge Steering Committee pointed out in a statement that the project team has successfully advanced the Currency Bridge project to the sustainable operation stage of the Minimum Viable Product (MVP) and has established a sound governance structure and legal framework. Since the project launched, the BIS has provided strong support. Now, the Currency Bridge project will be fully taken over by the participating central banks and monetary authorities for continuous development and operation, allowing the BIS to allocate resources to other early-stage innovative projects.
