MAS partners with financial inclusion foundation on digital currency system

Monetary Authority of Singapore
George Johnson

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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