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MAS Launches Project Ubin+

The Monetary Authority of Singapore (MAS) today launched Ubin+, an expanded collaboration with international partners on cross-border foreign exchange (FX) settlement using wholesale central bank digital currency (CBDC). Ubin+ will look into how atomic settlement based on digital currencies can improve

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Project Ubin: Exploring Singapore’s Digital Currency Project

Central bank digital currency (CBDC) is arguably one of the biggest developments in recent times that has the potential to reshape financial services as we know. China is of course one of the most prominent examples, since 2014 it has

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Project Ubin: MAS Completes Final Phase Central Bank Digital Currency Project

The Monetary Authority of Singapore (MAS) and Temasek today jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin. It provides technical insights into the blockchain-based multi-currency payments network prototype that was

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MAS Completes Another Project Ubin Blockchain Trial with SGX

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have developed Delivery versus Payment (DvP) capabilities, its built for the settlement of tokenised assets across different blockchain platforms. The hope is that this will help simplify post-trade processes and further

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MAS & ABS: Releases Project Ubin Blockchain Source Code to Encourage Innovation

The industry consortium led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) has released the report and source-codes on Project Ubin the distributed ledger prototypes for inter-bank payments. The report : ‘Re-imagining Interbank

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35 Asian Nations Are Developing CBDCs – Here’s Where They Stand

Economies worldwide are increasingly considering the viability of a digitised national currency, most commonly referred to now as a Central Bank Digital Currency, or CBDC. Eleven countries have already launched their CBDCs, but none in Asia yet.  There are currently 35

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New York Fed Reserve Partners With MAS to Explore Wholesale CBDCs

The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) announced a joint experiment to investigate how wholesale central bank digital currencies (wCBDCs) could improve the efficiency of cross-border wholesale payments

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Ravi Menon Lays Out Singapore’s Crypto Hub Ambitions at SFF 2022

Singapore wants to be a crypto hub, but only if it means being a hub for sound and well-regulated tokenised and digital assets with value-adding use cases, according to the Monetary Authority of Singapore (MAS). This means discouraging retail investment

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Fintech in Singapore: 2021 in Review

In 2021, Singapore continued to pursue its ambition to become a world leader in fintech innovation, multiplying initiatives to foster green fintech, explore opportunities related on central bank digital currency (CBDC), and lay the foundation for open finance. Leading fintech

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