How soon could a CBDC be approved in Spain? The BancoDeEspana plans to start a wholesale CBDC project, and on Monday, it asked financial institutions and tech providers to submit proposals for the initiative by Jan. 31.
The Bank of Spain plans to start a wholesale central bank digital currency project, and on Monday, it asked financial institutions and tech providers to submit proposals for the initiative by Jan. 31.bank said in an official statement
. Wholesale transactions are those that involve the transfer of funds between banks and financial institutions. The bank added that the program for a wholesale CBDC isn't related to research the European Union is doing on a retail digital euro. Separately, in September, France’s central bank
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