News with the tag "digital money"

The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of a...

The controversial plan began as a campaign promise and will help lower-income Thais buy more.

A recent report by Citi, a global financial institution, has put Brazil at the top of the nations leading the digital money initiatives in Latin America. The report states that Brazil features a combination of factors that ease the adoption of digital money such as government support and digital pay...

The Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to bolster its comprehension of central bank digital currencies (CBDCs) and stablecoins. Although this partnership marks a significant milestone in the digital currency landscape it ne...

The head of Singapore’s central bank doesn’t think crypto has a future in financial services. Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), said in a speech earlier this month that cryptocurrencies have “failed the test of digital money.” “They have performed poorly...

Source: Pixabay Singapore’s central bank, The Monetary Authority of Singapore (MAS) has unveiled plans to start live Central Bank Digital Currency (CBDC) wholesale pilots and efforts to expand the framework. On Nov 16, the financial authority released plans for a safe and innovative use of digital m...

Ravi Menon, the Managing Director of the Monetary Authority of Singapore has said that crypto has performed poorly as a medium of exchange or store of value. Stablecoins and central The post Cryptocurrencies Have Failed the Test of Digital Money: MAS Managing Director appeared first on BitcoinWorld ...

Thailand’s government has delayed the launch of a planned digital money program aimed at stimulating its economy, while opposition leaders call for a probe of the scheme.

Financial services and banking giant Citigroup is reportedly launching a unique private blockchain for its clients. According to a new Bloomberg report, Citigroup has unveiled Citi Token Services, a product aimed at tokenizing client deposits. The service is reportedly focused on improving cash mana...