Singapore’s central bank on Monday (Oct 31) announced that it was exploring the concept of a purpose-bound digital currency, which can be used to issue government vouchers and payouts among others, though it noted that the case for a retail central bank digital currency (CBDC) is “not compelling for now”. The purpose-bound digital currency is just the first phase of...

Related Keywords

China , Hong Kong , Singapore , National University Of Singapore , Singapore General , Singaporean , Jun Jie , Sopnendu Mohanty , Ravi Menon , Institute Of Policy , Monetary Authority Of Singapore , Fazz Financial Group , Monetary Authority , Grab Holdings , Singapore Fintech Festival , Policy Studies , National University ,