Bollcoin, October 23: The Monetary Authority of Singapore (MAS) announced that Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) have joined the BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative as policy-making institution members. The three parties will work with industry participants in their respective jurisdictions to promote a common framework for cross-border digital currency use, covering the acceptance, exchange and settlement of different forms of digital currency across institutions, networks and jurisdictions. BLOOM is a public-private partnership initiative aimed at advancing the use of digital currency in cross-border financial activities, involving scenarios such as tokenized deposits, regulated stablecoins and settlement across payment networks.