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Singapore's MAS rules out retail central bank digital currencies - for now

Natalie Koh
Managing director Ravi Menon also reiterated its stance on cryptocurrencies’ speculative nature and their risks to retail investors.
Singapore's MAS rules out retail central bank digital currencies - for now

The Monetary Authority of Singapore (MAS) recognises the potential for wholesale central bank digital currencies (CBDCs), but “does not see a compelling case for retail CBDCs in Singapore”, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said.

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