Singapore's MAS to Launch Pilot Project for Tokenized MAS Bills by 2026
Pilot Project Announcement: Singapore's Monetary Authority (MAS) will pilot tokenized MAS bills settled with a wholesale CBDC by 2026, as announced by Managing Director Chia Der Jiun at the Singapore FinTech Festival.
Involvement of Major Banks: The initiative involves participation from major banks like DBS and JPMorgan, indicating a strong institutional focus on enhancing digital finance infrastructure.
New Stablecoin Regulations: The project includes new stablecoin regulations aimed at ensuring reserve backing and redemption reliability, which may impact various pegged assets.
Impact on Financial Systems: The initiative is expected to streamline interbank settlement processes and enhance security for digital transactions, reinforcing Singapore's position as a leader in crypto finance and influencing global financial standards.
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Technical Analysis for XCH
Technical Sentiment Analysis for Chia (XCH) As of , Chia (XCH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XCH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XCH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chia (XCH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.859 | 2.415 | 2.887 | 3.443 | 3.915 | 4.471 | 4.943 |
| Fibonacci | 2.415 | 2.807 | 3.05 | 3.443 | 3.835 | 4.078 | 4.471 |
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