Foundations

The Monetary Authority of Singapore (MAS) is laying the technological foundations for a central bank digital currency (CBDC) in case it decides to issue one, Managing Director Ravi Menon said at the Singapore Fintech Festival.However, the case for a retail CBDC is not urgent, Menon said, according to a report by the Straits Times on Tuesday.Menon said the benefits of a digital … [Read more...] about Singapore’s Central Bank Is Laying the Foundations for a CBDC It Doesn’t Think Is Needed: Report