Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.
November 4, 2022The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.
April 14, 2022The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.
March 23, 2022The blueprint contains plans to advance financial sector digitalisation, develop an open data ecosystem, and improve efficiency in cross-border payments.
January 25, 2022Failure to achieve interoperability between payment systems has material costs and risks fragmenting the global financial system.
December 14, 2021Speaking at Singapore Fintech Festival, MAS managing director Ravi Menon outlined three reasons MAS could issue to a CBDC, while also highlighting the associated risks.
November 11, 2021Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.
September 21, 2021The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.
September 3, 2021MAS is partnering with the BIS Innovation Hub and central banks to design, develop and test new m-CBDC models for cross-border settlement.
April 30, 2021MAS' Jacqueline Loh outlined several central bank-led innovation initiatives underway, including a project that will help quantify the ESG impact of investments and loan portfolios.
March 30, 2021