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MAS’ blockchain payment project progresses to phase two

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore’s (ABS) consortium with 11 financial institutions, which aims to develop an inter-bank payment system, has managed to develop three different models, according to a statement from the Singaporean watchdog. The Project Ubin initiative, which was first announced last November, has progressed to phase two, which involves “successfully”…

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