Singapore’s Central Bank Organizes Global Challenge for Retail CBDC Solution

The Monetary Authority of Singapore (MAS) has launched a Global CBDC Challenge that would see global financial institutions, financial technology companies, and others submit solutions around peculiar issues surrounding retail central bank digital currencies (CBDCs).  Winners of Global CBDC Challenge to Win $37,000 each MAS announced a press release on Monday (June 28, 2021). According