Sending to CNBC on Monday, February 12, Sopnendu Mohanty, CFO of 39 Monetary Authority of Singapore (Sopnendu Mohanty), said "1945-19004" Discussing the status of his "Ubin project" and cryptocurrency in general, Sopnendu Mohanty, chief financial officer of The Monetary Authority of Singapore (MAS), described "two years" before the blockchain project of the central bank Blockchain's technology concept as "fabulous".

Mohanty said CNBC:

"I think it's still two years before the transport layer is made, data transmission, data storage .. the whole Blockchain must be through the multi-sectoral common infrastructure, and then the real impact comes. "

Singapore remained optimistic about both the crypto-potential Coincidence and Blockchain Hol Cointelegraph reported on February 6 that MAS had confirmed that he was "closely studying" crypto and and "potential risks", but that he saw on the topic of volatility and profitability, Mohanty nonetheless warned that an excessive speculative activity "could have a negative impact on the whole of the experimentation" (no systemic risk concerns).

"We will continue to experiment on this fabulous technology (Blockchain) and find a case of long-term use," he explains .

In January, MAS Chief Executive Ravi Menon also promised to support the "Most Significant Technology Associated with Digital Currencies and Blockchain", saying that he hoped that periods or even a "crash" would not erase it completely.