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Central bank officials and financial regulators from several Asian countries on Wednesday called for expanding currency swap arrangements through both bilateral and multilateral mechanisms to support cross-border trade and investment and reduce reliance on the US dollar, as part of the region's efforts to bolster financial safety nets and fend off risks.
Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China's central bank digital currency (CBDC).
The Monetary Authority of Singapore is to commence a new series of asset tokenization pilots in collaboration with 17 international banks.
Financial regulators from the UK, Singapore, Switzerland and Japan are collaborating on a new project to explore fund and asset tokenisation use cases and decentralised finance.
Regulators in Singapore, Japan, the U.K. and Switzerland are planning asset tokenization tests for fixed income, foreign exchange and asset manage...