Singapore’s Monetary Authority Acknowledges Blockchain’s Potential for Cross-Border Transfers

Sopnendu Mohanty, the Chief Fintech Officer at the Monetary Authority of Singapore (MAS), the country’s financial regulator, has stated that blockchain technology could potentially expedite cross-border transfers. Mohanty, a former senior executive at Citigroup, also noted that “he does not see much” potential in central bank digital currencies (CBDCs).






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