Central Bank Digital Currencies (CBDCs)

The RBI has publicly expressed interest in linking India’s digital rupee with other nations’ CBDCs to expedite cross-border transactions and bolster its currency’s global usage.

India’s central bank proposes linking Brics’ digital currencies: sources

US President Donald Trump has previously said the bloc alliance is “anti-American” and he threatened to impose tariffs on its members

More details on the tokenised MAS bills will be available next year, says the authority’s managing director Chia Der Jiun.

Singapore

MAS to trial issuance of tokenised bills, releases guidelines for AI in financial sector

AI and tokenisation were identified as two ‘transformative themes’ by MAS

Digital currencies are emerging as the foundational settlement layer for a tokenised economy.

Wealth & Investing

FUTURE OF FINANCE

Asia’s digital asset frontier

The region’s digital asset revolution doesn’t require abandoning financial discipline, it requires upgrading trust for the digital age

About 90 per cent of the world’s central banks are now exploring digital versions of their fiat currencies as they look to avoid getting left behind.

Banking & Finance

Swift and top global banks working on blockchain-based overhaul

[LONDON] Global financial messaging network Swift and more than 30 global banks announced on Monday (Sep 29) that they were now working “at pace” on making cross-border payments instantaneous and on a...

Research programmes and market incentives need to support faster innovation in digital assets that remain in their infancy.

Wealth & Investing

How cryptocurrencies accelerate geopolitical shifts

Liberal democracies must confront the challenges posed to the traditional financial system

Cross-border QR code payment between Singapore and Malaysia, which allows customers of certain financial institutions to make retail payments by scanning their Nets QR code (for payments in Singapore) or DuitNow QR codes (for payments in Malaysia).

Asean Business

Asean’s QR linkage push to go local could chip away at greenback’s grip

Central bank digital currencies may represent the region’s next opportunity to bypass the US dollar, experts say

The change reflects the dwindling interest globally in the creation of state-led digital currencies as stablecoins and other payment innovations emerge.

Banking & Finance

Bank of England considers shelving plans for a digital pound

The Trump administration has blocked further work on a CBDC in the US, citing financial stability concerns

Distributed ledger technologies enable cheap, quick and also cross-border payments via stablecoins such as Tether and USDC.

Opinion & Features

Digital money and the art of the impossible

Major strides in progress have not yet involved DLT – that will change

The US Federal Reserve has conducted research on central bank digital currencies, but has made clear on multiple occasions that it currently has no plans to put one into circulation.

International

Trump bans the creation of a ‘digital dollar’

US PRESIDENT Donald Trump issued an executive order on Thursday effectively banning the establishment of a central bank digital currency, in a move long supported by Congressional Republicans.

Singapore has been taking the lead in regulating fintech, aiming to take advantage of new technologies while minimising risks.

Banking & Finance

MAS chief Chia Der Jiun on crypto, AI and battling inflation

AS THE central bank of a leading global financial powerhouse, the Monetary Authority of Singapore’s (MAS) policy decisions can have a wide-ranging impact on the global economy and financial sector.

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