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Zenger
Zenger
Business
Murtuza Merchant

Federal Reserve Bank Of New York Found New Distinctions In Cross-Border Payments In New Study

New York the Federal Reserve Bank of New York Mas The Monetary Authority of Singapore
Outside view of the Federal Reserve Bank of New York on September 16, 2013 in New York City. European stock markets rallied and the US dollar slid after former U.S. Treasury Secretary Larry Summers withdrew his candidacy for the Chairman of the Federal Reserve. CEM OZDEL/BENZINGA

The Federal Reserve Bank of New York published results from a joint study conducted with the Monetary Authority of Singapore (MAS).

Cross-border and cross-currency payments can effectively utilize Central Bank Digital Currency (CBDC) systems operating on diverse networks, the study shows.

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