The Bank for International Settlements has published a new update on the mBridge cross-border wholesale central bank digital currency (CBDC) project today (October 31). Bénédicte Nolens, head of the Hong Kong Innovation Hub Centre, spoke to Central Banking on October 27 about governance, ongoing foreign exchange challenges and how technology on the custom blockchain is evolving.

The BIS, the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand initiated the project in 2019, and the