The Monetary Authority of Singapore (MAS) has unveiled a series of initiatives aimed at ensuring the secure and innovative utilization of digital money in the country. These initiatives encompass the development of a digital Singapore dollar infrastructure, expanding digital money trials, and the issuance of a “live”...
Ten members of the banking community are working with the New York Innovation Center (NYIC), which is part of the Federal Reserve Bank of New York, to explore the feasibility of the regulated liability network (RLN) — an interoperable digital money platform. The proposed RLN...
Nexo, the cryptocurrency lender, said it plans to buy troubled fellow lender Vauld, showing how a consolidated crypto industry might look, Reuters wrote Tuesday (July 5). Nexo will be buying 100% of Singapore-based Vauld and would “reorganize its future operations with the aim to accelerate...
Cryptos are having a moment. Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. PayPal is opening its network to allow consumers to shop using cryptocurrency. Square bought $50 million...
November 10, 2020
Cryptos are having a moment. Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. PayPal is opening its network to allow consumers to shop using cryptocurrency. Square bought $50 million of bitcoin. J.P. Morgan said late in the month that […]
November 28, 2023
We could be witnessing the twilight of private cryptocurrencies, says one of Singapore’s top central bankers. Monetary Authority of Singapore (MAS) Managing Director Ravi Menon argued Tuesday (Nov. 28) that private crypto will eventually be replaced by a monetary system ruled by central bank digital currencies (CBDCs), “well-regulated” stablecoins and tokenized bank liabilities. Private digital coins “have miserably failed the […]
November 16, 2023
The Monetary Authority of Singapore (MAS) has unveiled a series of initiatives aimed at ensuring the secure and innovative utilization of digital money in the country. These initiatives encompass the development of...
November 15, 2022
Ten members of the banking community are working with the New York Innovation Center (NYIC), which is part of the Federal Reserve Bank of New York, to explore the feasibility...
July 05, 2022
Nexo, the cryptocurrency lender, said it plans to buy troubled fellow lender Vauld, showing how a consolidated crypto industry might look, Reuters wrote Tuesday (July 5). Nexo will be buying...
