Singapore’s Digital Money Revolution: Wholesale CBDC Takes Center Stage
The Monetary Authority of Singapore has unveiled a digital money strategy focusing on wholesale CBDC, tokenized bank liabilities, and regulated stablecoins, excluding retail CBDC. Local banks OCBC and UOB are testing interbank settlements using digital tokens, and MAS plans to extend this to cross-border transactions. The Monetary Authority of Singapore (MAS) has taken a significant […