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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

    Published Fri, Apr 23, 2021 · 09:50 PM

    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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    Monetary Authority of SingaporeCentral banksCurrencies

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