05 Oct '17, 6pm

Singapore Central Bank Reveals 3 New Blockchain Payments Prototypes

Singapore's de facto central bank has disclosed new details about its research into financial applications of blockchain. The Monetary Authority of Singapore (MAS), along with the Association of Banks in Singapore (ABS) trade group, today unveiled a new set of distributed ledger prototypes that form the second phase of "Project Ubin", an initiative that began last year with the goal of testing how a tokenized version of the Singaporean dollar could be created. To date, the MAS has taken a more proactive approach to its work with blockchain compared to some central banks. Its research dates back to as early as 2015, when the regulator revealed that it was looking at uses that included leveraging the tech for record-keeping purposes . Based on new statements, Project Ubin has grown to include prototype tools from all parts of the interbank settlement process. As the regulato...

Full article: https://www.coindesk.com/singapore-regulator-announces-3-...

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