🇪🇸 The Bank of Spain has selected Cecabank, Abanca and Adhara Blockchain as partners for a 6-month pilot to study CBDC, separate from the digital euro initiative.

🔍 Banco de España is moving forward in its study of the CBDC, selecting key partners a year after announcing the search for cooperation. Out of 24 applicants, Cecabank, Abanca and Adhara Blockchain were selected.

🌐 Adhara Blockchain, based in the UK, adds an international dimension to this Spanish initiative.

⏳ The pilot stage of the CBDC wholesale project will last 6 months and will include simulations of processing and settlement of interbank payments. The experiment will also use the Cecabank-Abanca consortium to settle a simulated tokenized bond issue using wholesale CBDC.

🇪🇺 The Spanish CBDC program remains separate from the digital euro initiative, emphasizing its independence. At the same time, the Spanish Ministry of Economy and Digital Transformation has committed to implementing EU regulation of crypto asset markets ahead of schedule.

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