Central banks of Singapore, Malaysia, and Thailand join BLOOM to advance cross-border digital currency settlement interoperability
The Monetary Authority of Singapore (MAS) announced that Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) have joined Project BLOOM as policy-making members. The three central banks will collaborate with industry participants in their respective jurisdictions to explore acceptance, conversion, and settlement mechanisms for various forms of digital currencies across cross-institutional, cross-network, and cross-jurisdictional scenarios.
