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The Bank for International Settlements’ (BIS) Project Atlas (NYSE:ATCO) report offers yet another indication that the worlds of crypto and traditional finance may be converging.
On the surface, this proof-of-concept project backed by some of Europe’s biggest central banks — like German central bank Deutsche Bundesbank and Dutch central bank De Nederlandsche Bank — seems modest enough: securing more crypto-related data, like cross-border Bitcoin (BTC) flows.
Deriving cross-border flows based on crypto exchange locations. Source: Project Atlas
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