Retail-focused Singaporean CBDC to hedge against privately issued stablecoins
The retail CBDC will be developed in partnership with private entities, which “would be the digital equivalent of today’s notes and coins.”
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The retail CBDC will be developed in partnership with private entities, which “would be the digital equivalent of today’s notes and coins.”
Huobi Group will move its spot-trading operations to Gibraltar as The Financial Services Commission of the city-state has already greenlighted the initiative, according to a recent report. Gibraltar Caught The…
Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading…
Ravi Menon – the head of the Monetary Authority of Singapore – sees a lot of potential in the cryptocurrency industry. As such, he vowed that the local regulator will…
Bankers and government officials around the world are proving more welcoming to crypto than ever before. Tharman Shanmugaratnam – Singapore’s Central Bank Chairman – recently stated that cryptocurrency has a…
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
The digital asset trading venue Independent Reserve received approval from the Monetary Authority of Singapore (MAS) to provide crypto services in the Asian city-state. Additionally, the regulator also greenlighted the…
The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in…
DBSV and Independent Reserve previously received MAS’ in-principle approvals to provide digital payment token services.