Singapore Central Bank and Stock Exchange to Start Securities Blockchain Platform
August 29, 2018
The Singapore Exchange (SGX) has claimed to have partnered up with the Monetary Authority of Singapore (MAS) to modify settlement system for various transactions as well as to enable smart-contracts for higher capacity.
The decision will be exploiting distributed ledger created by the MAS that together with the SGX will allow financial organizations and investors for instant exchange and final settlements with cryptocurrencies and securities.
The MAS has been studying all risks of the crypto sector for months. As a result it found out that there are no solid reasons to ban digital currencies within the country.