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

  • 📰 News

    The Central Bank of Singapore joins other organizations in this initiative: the Monetary Authority of Singapore (MAS), Singapore Exchange, Nasdaq, Deloitte and others

Central Bank of Singapore Teams Up With Deloitte and Nasdaq to Launch Crypto Transactions
Cover image via u.today

The Central Bank of Singapore joins other organizations in this initiative: the Monetary Authority of Singapore (MAS), Singapore Exchange, Nasdaq, Deloitte and others.

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.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles
CLOUD MININGPromoted