MAS, Bank Negara Malaysia and Bank of Thailand Partner with Industry to Advance Cross-Border Settlement in Digital Money through BLOOM
Why this matters
This is an organisational announcement that BNM and BOT have joined BLOOM as policymaker members and that new industry participants have been added. It describes a collaborative initiative on cross-border settlement, acceptance, interoperability and programmable controls for digital money such as tokenised deposits and regulated stablecoins. Payments & E-Money and Crypto & Digital Assets are the directly supported sectors. Technology & Cyber fits the interoperability and technical-approach focus, and AML / Financial Crime fits the stated sanctions screening and identity verification controls. Firm types are drawn from the named participants (banks, payment providers, fintechs). Urgency is null because the content is informational.
AI-generated classification rationale, not a full analysis. Verify with the original MAS source before acting. Full disclaimer.
What the MAS said
MAS announced that Bank Negara Malaysia and Bank of Thailand have joined the BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative as policymaker members.
Published by MAS . Read the full notice at the source for the authoritative text.
Context
Monetary Authority of Singapore (MAS) — Singapore's central bank and integrated financial regulator. We track 180 updates from them.
Singapore's financial sector is regulated by MAS. Browse all Singapore updates.
This update is classified under Technology & Cyber, AML / Financial Crime, Payments & E-Money and Crypto & Digital Assets.