Spain’s Banco de España Collaborates with Cecabank, Abanca, and Adhara Blockchain for CBDC Tests

Banco de España has selected its collaborators for central bank digital currency (CBDC) tests, partnering with Cecabank, Abanca, and Adhara Blockchain. This collaboration comes a year after the central bank issued an open call for participants. The CBDC program, separate from the digital euro project, will involve a simulated tokenized bond settlement as part of the experiment with the Cecabank-Abanca consortium. Additionally, Spain’s Ministry of Economic Affairs and Digital Transformation announced plans to implement the European Union’s Markets in Crypto-Assets Regulation six months ahead of the deadline. (Source: Cointelegraph)