BIS, NY Fed test smart contracts for tokenized monetary policy

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CoinGeek 16h ago

BIS, NY Fed test smart contracts for tokenized monetary policy - CoinGeek

Quick Summary:

Under Project Pine, the two led a consortium of central banks in testing how they can use smart contracts to enforce monetary policy in a tokenized world.

The post BIS, NY Fed test smart contracts for tokenized monetary policy appeared first on CoinGeek.

Just above it was the asset layer, which hosted the tokenized securities and wholesale money, with the topmost protocol layer housing the smart contracts.