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Singapore financial regulator releases whitepaper outlining common protocol for digital money kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
Singapore’s central bank on Monday (Oct 31) announced that it was exploring the concept of a purpose-bound digital currency, which can be used to issue government vouchers and payouts among others, though it noted that the case for a retail central bank digital currency (CBDC) is “not compelling for now”. The purpose-bound digital currency is just the first phase of. ....