Bank Negara Malaysia and Bank of Thailand join the Monetary Authority of Singapore's BLOOM cross-border digital currency initiative.
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According to the Monetary Authority of Singapore (MAS) page, Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) have joined the BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative as policy-making members. The three central banks will collaborate with industry bodies in their respective jurisdictions to develop a common framework for cross-border use of digital currencies, including how different forms of digital currencies are accepted, exchanged, and settled across institutions, networks, and jurisdictions. Additionally, Airwallex, Mastercard, Maybank, Monee, Nium, Ripple, ShopeePay, Visa, and the World Bank Group have also joined BLOOM.
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