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Singapore – Monetary Authority of Singapore is working on “Project Ubin” to study if central bank money can be transferred real-time. Recently Ravi Menon, Managing Director of MAS said at a UBS Wealth Insights event in Singapore that he would not rule out the possibility of the MAS issuing a cryptocurrency directly to the public; however he was not sure it would be a good idea.
Sweden – Riksbank published a report on “E-krona project – First interim report” in Sept. The central bank is studying if E-krona can be issued in place of cash and if a safe and efficient payment system can be developed.
United Kingdom –Bank of England has no plans to issue a central bank issued cryptocurrency, however it does research on the topic. Recently BOE’s Governor Mark Carney said he sees fundamental issues with central bank backed cryptocurrencies. (Bank of the Future, CitiGPS, March 2018)
Marshall Islands signs bill introducing cryptocurrency as sole sovereign currency
Marshall Islands, a sovereign state and United Nations member, has signed a bill legalizing its sole sovereign currency as a crytocurrency. “This is huge news for Crypto as the banks/Visa etc. now have to accept it—it’s legal tender of a sovereign nation,” tweeted Ran NeuNer, host of Crypto Trader show on CNBC Africa. (CryptoCoin Spy, 05/22/18)
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