Singapore has been a hub of Blockchain & Crypto activity ever since China outrightly banned Cryptocurrencies. Not only has the state welcomed the new technology with open arms but the government itself has been exploring the development of decentralized systems. Project Ubin was initiated by The Monetary Authority of Singapore (MAS) in collaboration with R3 blockchain consortium to explore simpler & more efficient replacement to current payment & settlement systems via the issuance of Central bank issued digital tokens which is the Singapore Dollar (SGD) in this case. The project got underway in November 2016. The Project consisted of different phases – Phase…...
Singapore’s Ubin & Canada’s Jasper power the Digital Transformation to DLT systems
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