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
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
