Monetary Authority of Singapore launches Global CBDC Challenge 

As part of a global partnership with the International Monetary Fund, World Bank, Asian Development Bank, United Nations Capital Development Fund, United Nations High Commission for Refugees, United Nations Development Programme, and the Organisation for Economic Co-operation and Development (OECD), the Monetary Authority of Singapore (MAS) has launched a global CBDC challenge that is looking for retail CBDC solutions. The aim of the challenge is to find an innovative way to increase the efficiency of payments, improve financial inclusion, and “support the broader digitalisation drive in the economy”.