![]() They also participated in a CBDC Masterclass to glean practical insights into some of the CBDC experiments under way at the BIS Innovation Hub. The problem statements prompted participants to develop solutions to build effective and robust means to issue, distribute and transfer CBDCs to enable financial inclusion and to improve interoperability and better connect payment systems.Īs part of the Indonesia Digital Economy and Finance Festival ahead of the meeting of G20 Finance Ministers and Central Bank Governors, the shortlisted teams demonstrated their solutions to Bank Indonesia, the BIS and experts invited from central banks around the world. The BIS Innovation Hub and Bank Indonesia published three operational challenges and invited a wide range of stakeholders, including innovators, entrepreneurs, developers, data scientists and telecommunications experts worldwide to develop innovative technological solutions to them. The 2022 competition was launched in April. The Bank for International Settlements (BIS) and Bank Indonesia, under the Indonesian G20 Presidency, today announced the shortlisted finalists for the G20 TechSprint challenge on central bank digital currencies (CBDCs). Winners to be announced in October ahead of G20 Summit.Competition attracted proposals from a diverse range of competing organisations and teams.Twenty-one teams have been shortlisted, out of almost 100 teams worldwide.
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