Ravi Menon, Managing Director, Monetary Authority of Singapore talks about crypto. In the last two years, MAS has granted licences or in-principle approvals to 11 digital payment tokens service providers. They include global stablecoin players like Paxos, crypto exchanges like Coinhako as well as established financial institutions like DBS Vickers.…
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Crypto firms continue to clash with governments over regulations
Objections to EU proposals to regulate crypto. Anonymity is big within the world of cryptocurrency, from the anonymous crypto wallets to the creative pseudonyms of crypto and NFT creators. It’s a big selling point for consumers who don’t want their transactions to be traced. According to Amrit Dhami, associate analyst…
Read MoreFinance leaders plan to assess digital currencies for business in 2022
Sentiment towards digital currencies appears to be improving among finance leaders. A September 2021 survey of 251 CFOs and other finance leaders revealed that 47% intend to assess digital currencies for business in 2022, according to Gartner, Inc. A February poll centered on bitcoin adoption showed 84% of finance leaders said they…
Read MoreInstitutional adoption of bitcoin may be used as digital gold
There’s now a distinct shift away from a cryptocurrency driven by retail investors to one with more mainstream adoption. Following moves by firms such as Tesla, Visa and Mastercard to incorporate bitcoin into their payments infrastructure, institutional banks appear to be getting in on the bitcoin act, according analytics firm…
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