Crypto Tokens in Cross-border Solutions

Crypto Tokens in Cross-border Solutions

Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), has stressed that the major use cases of blockchain and cryptos are the facilitation of cross-border settlements. The MAS would associate with the Bank of Canada to trail crypto tokens in cross-border solution. Menon added that the ICO tokens trading should be approved by the MAS.

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