Digital currencies

Future of money: Piyush Gupta makes the case for a digital Singapore dollar

Now is when our country can secure a first-mover advantage – and shape the new financial order

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

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

MAS' position has been communicated since its first response to public consultation, which was issued on Feb 14, 2022.

Digital token service providers need licence to solely serve overseas customers: MAS

The bar for licensing is high and it will generally not issue one, the regulator notes

The fact is that the eurozone is already shockingly dependent on American payment mechanisms.
THE BOTTOM LINE

The battle for the global payments system is underway

Some Europeans are looking to the next geoeconomic contest

Some investors in Asia are long-time enthusiasts who have already weathered the ups and downs, while others recently jumped in.

Asia’s retail investors hunt for fabled crypto riches

EVEN after a recent pullback, cryptocurrencies are some of the best-performing assets this year – and demand from Asia-Pacific retail investors has been a major engine of the rally.

The trial is the latest stepping stone to creating a viable commercial system that all banks can use for tokenised deposits and securities.

Barclays, Citi are among banks testing tokenised deposits in UK

INDUSTRY body UK Finance is expanding its pilot of an experimental shared ledger to track banking payments, hoping to join some of the dots in the nascent world of digital assets.

Around 90 per cent of the world’s central banks are now exploring digital versions of their currencies.

Swift planning launch of new central bank digital currency platform in 12-24 months

GLOBAL bank messaging network Swift is planning a new platform in the next one to two years to connect the wave of central bank digital currencies (CBDC) now in development to the existing finance sys...

While many perceive no real advantages to CBDCs, a significant number of people in many countries go even further and consider them to be a potential threat.

Consumers need compelling reasons to use central bank digital currencies

Armed with a bank account, contactless cards and cash, consumers are scratching their heads about CBDCs

“No final decision has been made to pursue a digital pound – also called a central bank digital currency,” the BOE and finance ministry say.

UK still undecided on digital cash as privacy concerns persist

BRITISH authorities will not decide until next year at the earliest on whether to go ahead with a state-backed digital pound that would provide an alternative to payments operated by banks and technol...

AXS users can choose to make payment in either Bitcoin, Ether, Tether or USD Coin.

AXS to allow payments in digital currencies in tie-up with crypto payment firm

Users of AXS here can now pay a multitude of bills, fines, taxes and student fees in digital currencies, following a tie-up that opens up a new payment option in the market.