MAS partners with financial inclusion foundation on digital currency system
Central bank officials will sit on the Mojaloop Foundation’s management boards
The Monetary Authority of Singapore has become the first central bank to become a member of the Mojaloop Foundation, an organisation that aims to bolster levels of financial inclusion.
In a statement today (May 26), the central bank said it would collaborate with the foundation on a digital currency-based settlement system.
“The partnership between MAS and Mojaloop’s open-source community aims to bring together MAS’s policy development perspectives and Mojaloop’s digital payments capability to
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