Singapore: Announced MAS initiative to expand digital money trials
Description
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 …
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
central bank