15 companies chosen by singapore’s central bank in retailing cbdc

The monetary authority of singapore has picked 15 companies to assist with the marketing of its central bank digital currency. four firms from the united states, six from singapore, and one each from barbados, france, switzerland, australia, and germany are among the participants. only three winners will be chosen to work on the development of singapore’s retail CBDC.

the mas will coach the finalists, and they will have access to an apix digital currency sandbox, which will allow them to quickly prototype digital currency solutions. according to one source, singapore is home to 170 cryptocurrency exchanges, including germini and binance.

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