Singapore commits $112M to assist fintech options like Web3

The Financial Authority of Singapore (MAS), the nation’s central financial institution, has introduced that it’s committing as much as 150 million Singapore {dollars} (round $112 million), to assist varied monetary know-how options like Web3.

In an announcement, MAS highlighted that the funds will probably be spent in three years below its renewed Monetary Sector Know-how and Innovation (FSTI) scheme. In keeping with the announcement, the brand new scheme will intention to “speed up and strengthen innovation” by supporting tasks that use cutting-edge applied sciences.

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