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Central Bank of Singapore Teams Up With Deloitte and Nasdaq to Launch Crypto Transactions

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Fri, 24/08/2018 - 14:14
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Central Bank of Singapore Teams Up With Deloitte and Nasdaq to Launch Crypto Transactions
Cover image via U.Today
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The Central Bank of Singapore joins other organizations in this initiative: the Monetary Authority of Singapore (MAS), Singapore Exchange, Nasdaq, Deloitte and others.

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The companies intend to set up a system of using tokens for settlements on various DLT-platforms, DvP for short– Delivery versus Payment.

This connection of efforts and resources will allow transferring funds and securities, saving buyers and sellers from risks.

MAS keeps working on crypto-friendly environment in Singapore for digital coins.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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