Singapore’s MAS reveals plan to issue ‘live’ CBDC for wholesale settlement
The Monetary Authority of Singapore (MAS) is planning a pilot program where it would issue a “live” central bank digital currency (CBDC) for wholesale interbank settlement next year, according to a Nov. 16 statement. “The first pilot will involve the use of ‘live’ wholesale CBDC to settle retail payments between commercial banks,” MAS said. “Future...