Altcoins Talks - Cryptocurrency Forum

Further Discussions => Banks & Cryptos => Topic started by: Nostoman on June 20, 2020, 12:11:31 PM

Title: Singapore to Explore Central Bank Digital Currency With China
Post by: Nostoman on June 20, 2020, 12:11:31 PM

Singapore’s central bank is looking to join forces with China in exploring central bank digital currencies.
Singapore's central bank and financial regulatory authority is looking to cooperate with China in the field of central bank digital money.

Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, has voiced the country’s readiness to enter into a close cooperation with China in relation to digital currencies.
Source: https://cointelegraph.com/news/singapore-to-explore-central-bank-digital-currency-with-china

Title: Re: Singapore to Explore Central Bank Digital Currency With China
Post by: Noverteno on June 21, 2020, 07:33:18 PM

China is already testing the creation of its national stable coin, that is, a digitalized renminbi. In addition, the Chinese government plans to create a stable coin to serve the South Asian region. This coin will be provided with four currencies - China, Japan, South Korea and some other state. Singapore may well join this alliance.