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

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

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.

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.

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