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NEW YORK: Mainland China is third behind the Bahamas and Cambodia in a ranking of the maturity of central banks’ retail digital currency (CBDC) projects, according to a report from PwC.
KUALA LUMPUR: The usage of tokenised digital currencies and securities assets has been given a boost in Singapore with the development of delivery versus payment (DvP) capabilities for the settlement.
A rising number of central banks are likely to issue their own digital currencies in the next few years, research by the Bank for International Settlements showed.
NEW YORK: Financial imbalances including those in credit markets and cryptocurrencies will shadow an otherwise robust 2018 US economy, said Goldman Sachs Group Inc economist Jan Hatzius
HONG KONG: More than eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies.
HONG KONG: Nine years since the birth of Bitcoin, central banks around the world are increasingly recognizing the potential upsides -- and downsides -- of digital currencies.
SHANGHAI: A senior executive at China’s state-backed internet finance body said on Friday ”stateless” digital tokens such as bitcoin posed risks as they could be used for illegal actions, and rules are needed to support the development of ”legal” digital currencies.
Japan must swiftly revise laws to allow the central bank to issue a digital currency, a move that could provide a chance to reform the Bank of Japan's existing mandates and enshrine its inflation target, a senior ruling party official said on Oct 12.