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The Monetary Authority of Singapore (MAS) has initiated a new round of asset tokenization pilots, testing use cases alongside major financial services firms. Singapore aims to 'play the long game' on artificial intelligence, drawing lessons from crypto. The International Monetary Fund (IMF) urges a proactive push for central bank digital currencies (CBDCs), stating that state-issued digital currencies can replace cash, especially in island economies. MAS is also exploring the potential of decentralized finance (DeFi) to revolutionize finance. Additionally, the National Bank of Kazakhstan has started a retail CBDC pilot with real users and plans to implement a digital tenge by 2025. The recent conflicts in West Asia and Europe have highlighted the complex relationship between cryptocurrency and global affairs. Well-designed CBDCs have the potential to enhance payment system convenience, flexibility, and efficiency, contributing to increased financial inclusion, particularly in Latin America and the Caribbean. Singapore's rivalry with Hong Kong for Asia's top financial hub appears to be spilling over to tokenization, a hot topic in the crypto world. The IMF chief has launched a CBDC handbook as a guide for policymakers worldwide, emphasizing that CBDCs could improve financial inclusion by providing rapid, accurate credit scoring based on various data.
Mastercard says wide adoption of central bank digital currencies is 'difficult' https://t.co/44bgwatp0s
Mastercard says wide adoption of central bank digital currencies is 'difficult' https://t.co/nirqFX24NY
JUST IN: IMF chief Kristalina Georgieva launches a CBDC handbook as a guide for policymakers around the world, stating CBDC's "could improve financial inclusion by providing rapid, accurate credit scoring based on various data." 😮 Sounds like a real-time social credit score 🤔 https://t.co/dWftHPCkxI
Singapore to pilot use of wholesale central bank digital currencies in 2024 https://t.co/CryvXQklHL
Singapore to pilot use of wholesale central bank digital currencies in 2024 https://t.co/lapKXbmOcn
Singapore's rivalry with Hong Kong to be Asia’s top financial hub appears to be spilling over to tokenization, a hot topic in crypto. https://t.co/H7V2YdIP5b
Singapore's rivalry with Hong Kong to be Asia’s top financial hub appears to be spilling over to tokenization, a hot topic in crypto. https://t.co/iWDJHXk2IJ
The #data collected through CBDCs has the potential to be paired with strict reserve requirements for commercial #banks, creating a theoretical framework for #inflation control, writes Sauradeep Bag https://t.co/R97DXiVGsb
Singapore's rivalry with Hong Kong to be Asia’s top financial hub appears to be spilling over to tokenization, a hot topic in crypto. https://t.co/6YYKBWEFyu
Singapore's rivalry with Hong Kong to be Asia’s top financial hub appears to be spilling over to tokenization, a hot topic in crypto. https://t.co/WCqPYXkrxz
The recent conflicts in #WestAsia and #Europe have brought focus to the complex relationship between #cryptocurrency and global affairs, states Sauradeep Bag https://t.co/mFCUn7CRzM
Monetary Authority of Singapore to start 'live' wholesale CBDC pilot https://t.co/hDYmPI2bUu
As #China bolsters its influence on the world stage through foreign policy and #technological advancements, the launch of the #digital #yuan becomes a crucial component in its journey, writes Sauradeep Bag https://t.co/BAFAqrhdqJ
Singapore's MAS to explore "global layer 1" blockchain tokenization with BNY, DBS, JPM, MUFG - Ledger Insights - blockchain for enterprise https://t.co/IymImHaIJO https://t.co/CY55HCFZ00
Use AI to accelerate adoption of central bank digital currencies, says IMF head https://t.co/7IyPLLEddO
A "slow and steady" approach to CBDC development and adoption can "help counter resistance that may stem from a lack of understanding or fear of the unknown," Jonas Gross and Conrad Kraft of @DigiEuro write. Opinion. https://t.co/bSnKVzt2fC
.@MAS_sg is beginning a set of pilots to test tokenization use cases alongside several major financial services firms. https://t.co/DqOr2LfTKL
#China has been actively working on the #development and #adoption of its #digital #currency for several years, and this recent transaction reflects the ongoing progress of this initiative, notes Sauradeep Bag https://t.co/BAFAqrgFBb
Well-designed CBDCs have the potential to enhance #payment system convenience, flexibility, and efficiency, contributing to increased #financial inclusion, especially in Latin America and the Caribbean, mention Sauradeep Bag https://t.co/R97DXiV8CD
Well-designed CBDCs have the potential to enhance #payment system convenience, flexibility, and efficiency, contributing to increased #financial inclusion, especially in Latin America and the Caribbean, mention Sauradeep Bag https://t.co/R97DXiVGsb
Can CBDCs replace cash in island economies? Watch 👇 https://t.co/2oiichtARn
The #Russia- #Ukraine conflict brought focus on the intricate relationship between #cryptocurrency and global affairs, a connection far from straightforward, mentions Sauradeep Bag https://t.co/mFCUn7CRzM
NEWS: IMF managing director Kristalina Georgieva says CBDCs can "replace cash" https://t.co/oWiuLE1nZD
The #data collected through CBDCs has the potential to be paired with strict reserve requirements for commercial #banks, creating a theoretical framework for #inflation control, writes Sauradeep Bag https://t.co/R97DXiVGsb
IMF chief urges more proactive push for central bank digital currencies https://t.co/JB3RI639fG https://t.co/zDXGj8AyoJ
The recent conflicts in #WestAsia and #Europe have brought focus to the complex relationship between #cryptocurrency and global affairs, states Sauradeep Bag https://t.co/mFCUn7CRzM
IMF chief urges more proactive push for central bank digital currencies https://t.co/nBjGVmeBGQ https://t.co/hMcRH5CCvK
Singapore’s MAS pilots new asset tokenization tests, exploring DeFi’s potential to revolutionize finance. https://t.co/yKajqo2wnt
IMF chief urges more proactive push for central bank digital currencies https://t.co/rvMwP1ixqY https://t.co/12UPhLxoAg
As #China bolsters its influence on the world stage through foreign policy and #technological advancements, the launch of the #digital #yuan becomes a crucial component in its journey, writes Sauradeep Bag https://t.co/BAFAqrgFBb
Singapore’s central bank is starting to test tokenization use cases alongside major firms from traditional finance and OKX is now providing off-exchange derivatives trading. @LedesmaLyllah reports in First Mover Americas https://t.co/VkIcy7JmMg
The National Bank of Kazakhstan started a retail CBDC pilot with real users on Wednesday and plans to implement a digital tenge by 2025. @iamsandali reports https://t.co/oWaqlowRoA
State-issued digital currencies can replace cash, which is costly to distribute in island economies, the IMF says https://t.co/GrKlRFfIQS
ICYMI: Singapore draws tough lessons from crypto as it aims to ‘play long game’ on AI, MAS official says https://t.co/21i7p8qKt3
MAS kickstarts new round of asset tokenization pilots https://t.co/iJEBXziezO
.@MAS_sg is commencing a set of pilots to test tokenization use cases alongside several major financial services firms. By @JamieCrawleyCD https://t.co/2ol0fROLxJ