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

Fri, 24/08/2018 - 14:14

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

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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.

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 Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.