SINGAPORE: The central bank is building the technology infrastructure and technical competencies that are necessary to issue a digital Singapore dollar should the republic decide to do so in the future.
This comes even as the Monetary Authority of Singapore (MAS) does not yet see an urgent need for such retail central bank digital currencies (CBDCs) – the digital equivalents of notes and coins.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!