Bank Negara Malaysia and Bank of Thailand join MAS-led BLOOM digital money initiative
On October 23, the Monetary Authority of Singapore (MAS) announced that Bank Negara Malaysia (BNM) and Bank of Thailand (BOT) have joined BLOOM as policymaker members. They will partner industry players to develop common approaches for the cross-border use of digital money. BLOOM's participation has also expanded to include Maybank, ShopeePay, Visa, Mastercard and the World Bank Group.
NoteTokenised deposits and regulated stablecoins are the use cases MAS names, so Southeast Asian banks and payment firms can watch BLOOM for the settlement frameworks that emerge.
Read the original
The Morning Note, by email
The AI-in-finance stories that matter, before work
One short email each morning, readable in under three minutes. Free, and you can leave anytime.