Crypto Payments: Canada and Singapore Central Banks Send Each Other Digital Currencies

By CCN.com: The Bank of Canada and the Monetary Authority of Singapore (MAS) has conducted a successful pilot test of central bank-backed crypto assets to clear cross-border and cross-currency payments. The official statement of MAS released on May 2 described the potential of “central bank digital currencies” in increasing the efficiency and reducing risks for international transactions. “The Bank of Canada and the Monetary Authority of Singapore (MAS) have conducted a success