1. Home
  2. News
  3. Market

Singapore’s Central Bank Teams Up With NASDAQ and Deloitte

Singapore’s Central Bank Teams Up With NASDAQ and Deloitte

The country’s central banking institution, the Monetary Authority of Singapore (MAS), has partnered with NASDAQ, Deloitte and Anquan to develop solutions for the exchange, tokenized digital currencies settlement and securities assets.

The project aims at reducing settlement risks and improving operational efficiency. Sopnendu Mohanty, the Chief FinTech Officer of MAS stated: “Blockchain technology is radically transforming how financial transactions are performed today, and the ability to transact seamlessly across blockchains will open up a world of new business opportunities. The involvement of three prominent technology partners highlights the commercial interest in making this a reality.”

Singapore is well-known for its beneficial policies towards blockchain sector and cryptocurrencies. In May, the MAS initiated regulatory changes which will apparently approve blockchain-related exchanges. In February, Singapore’s Deputy Prime Minister Tharman Shanmugaratnam said: “As of now, there is no strong case to ban cryptocurrency trading here.”

28 Aug 2018

Subscribe to our newsletter

Our newsletters are sent on a regular basis and are aiming to provide you most overall market situation

Latest news

Ripple Overtakes Ethereum To Become Second After Bitcoin

Ripple (XRP) has overtaken Ethereum...
22 Sep 2018

New Token Listings: VeChain and Gemini USD

New Token Listings: VeChain and Gem...
21 Sep 2018

New Release: Fortuna

Fortuna has launched a beta version...
21 Sep 2018

ICORating Is Media Partner For Crypto Economy World

Crypto Economy World is a series of...
21 Sep 2018

ICORating To Participate In Blockchain East Summit

The Blockchain East Summit and Trad...
20 Sep 2018

ICORating Announces Collaboration With Binance Info

ICORating and Binance Info are now ...
20 Sep 2018

New Token Listings: ChainLink and Waves Platform

Trading pairs of initial coin offer...
20 Sep 2018

New Releases: Remme And Tezos

Remme and Tezos have officially lau...
19 Sep 2018

Poloniex To Delist Assets On September 25

Poloniex crypto exchange is set to ...
19 Sep 2018