Spain’s Central Bank Opens Call for Proposals for Wholesale CBDC Project
- December 8, 2022
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The proposal period for financial institutions and other technology providers will end on January 31.
The Bank of Spain plans to start a wholesale central bank digital currency project and has called on finance institutions and tech providers to submit proposals by January 31.
The bank’s new program simulates the use of a CBDC for wholesale transactions. This is a transaction that transfers funds between banks and financial institutions.
The bank clarified that the program isn’t related to research the European Union is doing on a retail digital euro. Separately, this September, France’s central bank announced two projects to assess the potential of a wholesale CBDC.