MAS’ global CBDC challenge and the future of CBDC
A consumer-ready central bank digital currency is likely to arrive in the next five years due to an international desire for advancements in payments systems. Catalysing such research, the Monetary Authority of Singapore presented a global CBDC challenge, inviting private sector entities to provide solutions that promote digitalisation, improve financial inclusion and develop payments efficiencies. Sopnendu Mohanty, chief fintech officer, MAS, discusses the issues and opportunities presented by their global CBDC challenge and next steps for CBDC exploration.
Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore
This meeting will be conducted under the OMFIF Rules.
This virtual discussion is part of the OMFIF Digital Monetary Institute. The OMFIF Digital Monetary Institute is a high-level forum which convenes key policy-makers, technology experts, investors and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here. Please contact firstname.lastname@example.org directly for membership details or register your interest below and we’ll be in touch.