The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.
Central banks meeting in Russia said the coronavirus pandemic is a driving force behind growing interest in national digital currencies.
BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank.
The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said.
The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno's term, which ends in 2023.
Russia's central bank says a digital ruble could make Russia less dependent on the U.S. dollar and more resistant to foreign sanctions.
Central banks are rushing into digital currencies without considering how the risks might outweigh any benefits, the column argues.
The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies.
The Bank of Korea is to run virtual trials of a possible central bank digital currency through 2021.
Building an anonymous central bank digital currency (CBDC) presents security risks – not only to the issuer but to the users themselves, says the Bank of Canada.
The central bank warned citizens and residents they use cryptocurrencies at their own risk.
Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already used within the country's e-government system, in supporting a central bank digital currency.
A tech-focused subsidiary of Societe Generale said it will trial up to five different blockchains to understand their usefulness in capital markets.
The governor of the Banque de France said private-sector involvement could benefit a future digital euro initiative.
Payments giant Mastercard said its new testing platform will simulate the issuance, distribution and utility of digital currencies for central banks.