China: Measures to enable cross-border payments in China-Singapore Digital Finance and Capital Markets Cooperation
Progress
Current status
adopted
07 Dec 2023 adopted
Scope
Implementers
China
Singapore
Policy Area
Design and testing standards
Policy Instrument
Interoperability requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
other regulatory body
Implementation Level
bi- or plurilateral agreement
Timeline of events
Announced China-Singapore Digital Finance and Capital Markets Cooperation including measures to enable cross-border payments
On 7 December 2023, the Monetary Authority of Singapore (MAS) announced an initiative on digital finance and capital markets aimed at expanding financial cooperation with China and enabling cross-border payments. Among these initiatives is the initi…
SourceEvent type
declaration
Action type
adoption
Government branch
executive
Government body
other regulatory body