Tag "CBDC"

CBDCs, Green Finance Among BIS Innovation Hub Projects Announced for 2024

The Bank for International Settlements (BIS) has recently announced a new series of projects for its 2024 Innovation Hub programme. This initiative includes various projects, each focusing on financial technology and security aspects. Green Finance In 2024, the BIS Innovation Hub, Singapore

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Singapore’s Top 5 Fintech Stories Last Year That Will Impact the Industry in 2023

It is no secret that the fintech industry in Singapore has been flourishing in recent years. This can be attributed to the city-state’s supportive ecosystem, which includes a pro-business government, a highly educated workforce, and a conducive environment for innovation

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35 Asian Nations Are Developing CBDCs – Here’s Where They Stand

Economies worldwide are increasingly considering the viability of a digitised national currency, most commonly referred to now as a Central Bank Digital Currency, or CBDC. Eleven countries have already launched their CBDCs, but none in Asia yet.  There are currently 35

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Central Bank Digital Currency vs. Crypto: When Two Quarrel the Golden Third Rejoices

Cryptocurrencies are increasingly competing with state-issued legal tender. To hamper the advance of Bitcoin, central banks are developing digital legal tender. An old acquaintance from economic history will be rejoicing a third option. Central banks will do themselves a tremendous

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APAC Leads the Way on Central Bank Digital Currencies

The global crisis caused by the COVID-19 pandemic has rapidly pushed many businesses into a digital world. Central banks are now also adapting the architecture of money to this new digital business reality, but some countries are more forward-thinking than

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