Digital currencies
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
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 battle for the global payments system is underway
Some Europeans are looking to the next geoeconomic contest
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.
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.
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...
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
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 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.
India’s digital currency transactions top one million daily in December: sources
INDIAN banks disbursed some employee benefits through digital rupee in December, helping the Reserve Bank of India (RBI) meet its target of one million daily transactions by end-2023, three sources di...
