Citigroup Inc., HSBC, BNY Mellon and other global financial giants have been experimenting with what they call a “regulated liability network” for conducting round-the-clock, wholesale payments using shared ledgers, and a paper released Thursday suggests the system has potential.Policy, news, Regulations, CBDCs, Deposits, Citigroup, HSBC, BNY Mellon, New York Federal ReserveRead More

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