Progress

Current status
under deliberation
11 Nov 2022 under deliberation

Scope

Implementers
Singapore
United States of America
Policy Area
Registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
supranational

Timeline of events

11 Nov 2022
under deliberation

Announced joint project between NY Federal Bank and Monetary Authority of Singapore on Central Bank Digital Currency

On 11 November 2022, the New York Innovation Center (NYIC) of the Federal Reserve Bank of New York and the Monetary Authority of Singapore (MAS) announced a joint project on central bank digital currency (CBDC) called “Project Cedar Phase II x Ubin+…

Source
Event type declaration
Action type announcement
Government branch executive
Government body central bank