Singapore: NY Federal Reserve Bank and MAS Joint Project on Central Bank Digital Currency
Progress
Current status
under deliberation
11 Nov 2022 under deliberation
Scope
Implementers
Singapore
United States of America
Policy Area
Authorisation, 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
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+…
SourceEvent type
declaration
Action type
announcement
Government branch
executive
Government body
central bank