Singapore: MAS initiative to expand digital money trials
Progress
Current status
under deliberation
16 Nov 2023 under deliberation
Scope
Implementers
Singapore
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Announced MAS initiative to expand digital money trials
On 16 November 2023, the Monetary Authority of Singapore (MAS) announced an initiative to expand digital money trials. The initiative aims to test the broader applicability of Purpose Bound Money (PBM) and digital money in Singapore. The initiative …
Event type
order
Action type
announcement
Government branch
executive
Government body
central bank