Bank Negara, which also addressed the CBDC topic through a feature article in its latest annual report, said most digital assets (which Bitcoin is one), in their current form, are not used as payment instruments primarily because they do not exhibit the universal characteristics of money.
ONE of the few benefits that Covid-19 has brought along is the acceleration of the structural shift towards digitalisation as measures undertaken by government’s across the globe focussed on minimising physical contacts to contain the spread.
Apart from the major shift in working from home arrangements, an area that has seen a strong growth momentum is payment systems.
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