ASEAN regional cooperation: the key to success for central bank digital currencies (CBDCs)

Southeast Asian countries are making progress in their plans to issue digital currencies with legal tender, or central bank digital currencies (CBDCs). FinanceAsia explores the implications of this shift.

The Monetary Authority of Singapore (MAS) and Banque de France (BdF) successfully executed a bilateral trade using CBDCs last week. The test run involved simulating cross-border transactions in multiple CBDCs (m-CBDC) on a common network between Singapore and France.

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