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Business 20 Apr 2021 | 7:00 AM

Bahamas tops China in ranking of central bank digital currencies

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.

Cryptocurrency 11 Nov 2018 | 10:43 AM

Singapore's MAS, SGX develop blockchain tech for tokenised assets settlement

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.

Cryptocurrency 01 Jan 2018 | 12:00 AM

Digital currencies to shadow robust US economy in 2018

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

Cryptocurrency 14 Dec 2017 | 12:00 AM

What central banks are saying about digital money

HONG KONG: More than eight years since the birth of bitcoin, central banks around the world are increasingly recognising the potential upsides and downsides of digital currencies.

Cryptocurrency 13 Dec 2017 | 9:24 AM

What the world’s central banks are saying about cryptocurrencies

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.

Cryptocurrency 29 Jan 2018 | 6:38 AM

What the world’s central banks are saying about cryptocurrencies

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.

Corporate News 15 Sep 2017 | 7:35 AM

China body calls digital tokens risky, two bitcoin platforms to shut

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.