The Central Bank of Singapore has revealed new details about its research on the use of detachment in the field of finance. The Central Bank and the Singapore Financial Regulator (MAS), in conjunction with the Singapore Banking Association (ABS) trading group, today introduced a new set of prototypes based on distributed registry technology, which is the second stage of "Project Ubin", launched last year to study the issue of creating a tokenized version of the Singaporean dollar.
Well looks like states are taking notice. Though most governments would probably go the same route as Singapore is going, getting into the tech to make a digital version of their fiat. Seems bitcoin is even hastening the transition to cashless.