Singapore may push envelope as CBDCs gain currency
MAS to share experience and contribute towards advancing central banks' interest in multi-central bank digital currencies
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Singapore
SINGAPORE may "soon hear about the commercial launch of a multi-currency payment system for digital currencies", said a senior official of the Monetary Authority of Singapore (MAS) in a LinkedIn post this week.
This comes amid strong rising interest in central bank digital currencies, or CBDCs. China is reportedly aiming to be the first major central bank to issue a CBDC.
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