MAS proposes digital money framework; Thailand to tighten listing rules

Singapore’s central bank MAS has proposed a common protocol for the usage of digital money in the country, while Thailand is tightening rules for listing and increasing the scrutiny of IPO applicants.

MAS proposes protocol for the use of digital money in SG

The Monetary Authority of Singapore (MAS) has published a whitepaper proposing a common protocol to specify conditions for the use of digital money in the country.

Digital money refers to central bank digital currencies (CBDCs), tokenised bank deposits and stablecoins on a distributed ledger. The protocol aims to enable users access to digital money using e-wallets of their choice and can be used across multiple use cases.

The whitepaper was developed together with the International Monetary Fund (IMF), Banca d’Italia, Bank of Korea, financial institutions and other fintech firms.

It added that financial institutions and…