Singapore to pilot use of wholesale central bank digital currencies in 2024
2023-11-17 10:08:56 source：CNBC
November 16, 2023
SINGAPORE — Come 2024, Singapore will pilot the live issuance and use of wholesale central bank digital currencies, said Ravi Menon, managing director of the Monetary Authority of Singapore.
“We will take our experiments a step further next year,” said Menon at Singapore FinTech Festival 2023 on Thursday, without specifying more details on the timeframe.
“I’m pleased to announce that MAS will pilot the live issuance of wholesale CBDCs to instantaneously support payments across commercial banks here,” Menon said. MAS is the city-state’s central bank and financial regulator.
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