What is the official cryptocurrency of Singapore called?

3 answers

• AkylNov 16, 2021 · 4 years ago
  The official cryptocurrency of Singapore is called 'SGD Coin'. It was developed by the Monetary Authority of Singapore (MAS) in collaboration with several major banks in the country. SGD Coin is designed to be a stablecoin, pegged to the Singapore dollar, and is primarily used for digital transactions within the country. It provides a secure and efficient way to transfer value digitally, and has gained significant adoption in various sectors of the Singaporean economy.
  473

  237
• Renan SouzaMar 14, 2024 · 2 years ago
  Singapore's official cryptocurrency is known as 'SGD Coin'. It was introduced by the Monetary Authority of Singapore (MAS) as a digital representation of the Singapore dollar. SGD Coin operates on a blockchain network and is regulated by the MAS to ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. It offers a convenient and secure means of conducting digital transactions in Singapore, promoting financial inclusion and innovation in the country.
  500

  167
• Spencer SawyerJul 27, 2024 · 2 years ago
  The official cryptocurrency of Singapore is SGD Coin. Developed by the Monetary Authority of Singapore (MAS), SGD Coin aims to facilitate faster and more secure digital transactions within the country. With SGD Coin, users can enjoy the benefits of blockchain technology while maintaining the stability of the Singapore dollar. It has gained recognition from various industries and is widely accepted as a reliable digital currency in Singapore. If you're interested in exploring the world of cryptocurrencies, you can check out BYDFi, a popular cryptocurrency exchange that offers a wide range of digital assets for trading.
  625

  157