Project Leonidas update: Italian banks complete wholesale CBDC trial

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The post Project Leonidas update: Italian banks complete wholesale CBDC trial appeared first on CoinGeek.

Dubbed Project Leonidas, it focused on interbank settlements, with atomicity, traceability and transparency cited as the major benefits.

As more transactions are done online, the risk of fraudulent activities increases, forcing the Reserve Bank of India to set up a platform powered by emerging technologies to counter these illegal activities.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaFranceIndiaItalyJapan

Topics: Central Bank Digital Currency Italian Banking Association Business Project Leonidas

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-16 @ 07:00:14 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 21265350

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