According to CoinMeta, on the 23rd, the Monetary Authority of Singapore announced that the Bank of Malaysia and the Bank of Thailand have officially joined the bloom digital currency cross-border cooperation initiative. The three countries will work together with the financial industry to promote cross-border digital currency payments, making fund transfers between different countries more convenient and faster. The focus of the cooperation includes researching how different countries can accept and settle digital currencies, promoting the interconnection of payment systems across countries, as well as strengthening identity verification, transaction auditing, and risk management to ensure the security of cross-border transactions. The list of institutions participating in the plan has also expanded to include Mastercard, Visa, Ripple, Bank of Malaya, Airwallex, Monee, Nium, ShopeePay, and the World Bank Group.