• 11/25/2024

Singapore’s central bank chief Ravi Menon sees private cryptocurrencies failing: ‘they will eventually leave the scene’

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

During a panel discussion hosted by the Hong Kong Monetary Authority, Ravi Menon said regulators are moving toward a system of stablecoins that are fully backed by high-quality government securities or cash.

https://www.scmp.com/news/asia/southeast-asia/article/3243090/singapores-central-bank-chief-ravi-menon-sees-private-cryptocurrencies-failing-they-will-eventually?utm_source=rss_feed