CNA938 Rewind - What is a Digital Singapore Dollar?
The Monetary Authority of Singapore will trial the issuance of tokenised government bills to major banks next year and settle these transactions using central bank digital currencies. This follows a successful trial earlier this year, where the three local banks tested overnight loans between them using a digital Singapore dollar. Daniel Martin speaks with Dr Ernie Teo, Senior Lecturer at the Nanyang Business School, Nanyang Technological University.