Data Privacy & Security Data Privacy & Security

The case for a digital Singapore dollar is not urgent, central bank says

By Jet Damazo-Santos
  • 09 Nov 2021 03:56
  • 09 Nov 2021 03:56
Despite the amount of attention so far paid to central bank digital currencies, Singapore finds that it has no urgent need to issue a digital Singapore dollar, according to the Monetary Authority of Singapore. 

“On balance, the case for a retail CBDC in Singapore is not urgent,” central bank managing director Ravi Menon

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