✉news BusinessBanking first seen 2 d ago, last 1 d ago, peak #22
Singapore Central Bank Chief Says CBDCs Needed As Digital Money Scales
The head of Singapore's central bank has said central bank digital currencies will be needed as digital money continues to scale. His remarks underline the Monetary Authority of Singapore's interest in preparing wholesale and retail CBDC infrastructure to support an increasingly digital financial system. The comments add Singapore to the growing list of major financial hubs actively weighing how central bank money should function alongside private digital payment systems and stablecoins.
Why now: Central banks are under pressure to define their role as private digital money and stablecoins expand rapidly.
Monetary Authority of SingaporeSingapore
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- Singapore Central Bank Chief Says CBDCs Needed As Digital Money Scales · Crowdfund Insider
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