Singapore is exploring wholesale CBDC, local exec says
Cointelegraph
Published Nov 20, 2020 01:50PM ET
Updated Nov 21, 2020 04:20PM ET
Singapore is exploring wholesale central bank digital currency, or CBDC, said Sopnendu Mohanty, chief fintech officer at Singapore’s central bank and financial regulator, the Monetary Authority of Singapore.
Speaking on the subject during an exclusive interview with Cointelegraph, Mohanty pointed out that in Singapore, there is not much demand for a retail CBDC given that payment system infrastructure in the country already allows fast and cheap payments among individuals.
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Written By: Cointelegraph
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