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Singapore’s MAS Starts Wholesale CBDC Project Ubin+ for Cross-Border Payments

Project Mariana, the measure aimed at foreign exchange and liquidity management, involves MAS, the central bank of France, Banque de France, and the central bank of Switzerland, Swiss National Bank, along with the Bank for International Settlements (BIS) Innovation Hub centres. The project will explore foreign exchange transactions with Swiss franc, Euro and Singapore dollar.

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