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According to Coindesk, the Monetary Authority of Singapore (MAS) has completed the first phase of its central bank digital currency (CBDC) project, according to a report on Monday. This stage explored the potential use cases for a digital Singapore dollar as well as the infrastructure required to implement one. “MAS vision is to build an innovative and responsible digital asset ecosystem in Singapore,” the report said. The country has been collaborating with the crypto industry and issuing licenses to big players, and has continued to explore a retail CBDC.

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【Monetary Authority of Singapore completes phase 1 of CBDC project】According to Coindesk, the Monetary Authority of Singapore (MAS) has completed the first phase of its central bank digital currency (CBDC) project, according to a report on Monday. This stage explored the potential use cases for a digital Singapore dollar as well as the infrastructure required to implement one. “MAS vision is to build an innovative and responsible digital asset ecosystem in Singapore,” the report said. The country has been collaborating with the crypto industry and issuing licenses to big players, and has continued to explore a retail CBDC.

Monetary Authority of Singapore completes phase 1 of CBDC project

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