Singapore's MAS rules out retail central bank digital currencies - for now
Managing director Ravi Menon also reiterated its stance on cryptocurrencies’ speculative nature and their risks to retail investors.
The Monetary Authority of Singapore (MAS) recognises the potential for wholesale central bank digital currencies (CBDCs), but “does not see a compelling case for retail CBDCs in Singapore”, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said.
He also addressed concerns by some observers about the MAS’ perceived contradictory messages about cryptocurrencies during a keynote interview on Monday (Aug 29) at a Green Shoots seminar, a series of sessions org…
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