Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.
January 27, 2023Project Rosalind's phase one work will be complete within Q1 and be followed by a further phase focused on testing and validating API functionality.
January 25, 2023The BSP is testing large value CBDC transactions among a limited number of FIs. A retail CBDC is not being explored.
January 20, 2023One consultation will cover the attributes of a digital pound. The other will cover the UK's approach to regulating crypto and DeFi.
January 16, 2023The measures include new funding for innovative firms, regulatory relaxations, and improvements to the sandbox programme.
December 15, 2022The UK’s Transition Plan Taskforce has published its draft transition plan framework at COP27 in Sharm El Sheikh.
November 9, 2022Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.
November 4, 2022The Bank of Thailand said the new blockchain-based system has passed its regulatory sandbox process after being tested by 18 commercial banks.
October 31, 2022The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.
October 18, 2022MAS and IFSCA will collaborate to support sandbox experimentation, enable companies to be referred to each other’s sandbox, and promote cross-border testing.
September 20, 2022