MAS proposes ‘unbundling digital currency stack’

Monetary Authority of Singapore
George Johnson

The Monetary Authority of Singapore has proposed “unbundling the digital currency stack” as a possible way to allow multiple CBDCs to be hosted on the same infrastructure.

In a blogpost, Toh Wee Kee, a specialist leader in distributed ledger technology at the MAS, notes m-CBDC arrangements are most effective and efficient if they run on the same platform.

“But this runs into a significant governance challenge: some central banks will be unwilling to share their CBDC infrastructure with certain

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