Active cryptocurrencies: 869 / Markets: 18660 Market Cap: 24h Vol:

Singapore's Monetary Authority Acknowledges Blockchain's Potential for Cross-Border Transfers

Singapore's Monetary Authority Acknowledges Blockchain's Potential for Cross-Border Transfers

Sopnendu Mohanty, the Chief Fintech Officer at the Monetary Authority of Singapore (MAS), the country’s financial regulator, has stated that blockchain technology could potentially expedite cross-border transfers. Mohanty, a former senior executive at Citigroup, also noted that “he does not see much” potential in central bank digital currencies (CBDCs). Mohanty, whose comments came during the Blockchain in Business event held on May 2nd at the Massachusetts Institute of Technology (MIT), pointed out that in 2016, lawmakers were not familiar with the various benefits or use cases for distributed ledger technology (DLT).

Published at: 2019-05-05 01:50:43

Author: CryptoGlobe

Sponsored Ad
Related News
Most Read News
Margin trading for BTC, BNB, ETH, TRON and XRP could soon come to Binance

Margin trading for BTC, BNB, ETH, TRON and XRP could soon come to Binance

A Reddit user may have found some margin trading features on Binance API that could be pointing out...

2019-05-04 23:19:19


Bitfinex ‘Official Doc’ Confirms Plans to Raise up to $1 Billion in IEO for Its Token LEO

Bitfinex ‘Official Doc’ Confirms Plans to Raise up to $1 Billion in IEO for Its Token LEO

A shareholder of crypto exchange Bitfinex, Zhao Dong, released new promotional material about its up...

2019-05-04 23:03:00


Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

By CCN: ‘Reported volume’ is the default metric that people look for when determining the ranks of c...

2019-05-04 23:00:36


Trump’s Economy Makes Michael Novogratz ‘More Bullish’ on Bitcoin

Trump’s Economy Makes Michael Novogratz ‘More Bullish’ on Bitcoin

By CCN: Go right ahead lefties with your monetary policies. You’re rallying crypto bulls. And you ri...

2019-05-04 22:00:37


New Website Counts Down to 'Live Unveiling' of Bitcoin Creator Satoshi Nakamoto

New Website Counts Down to 'Live Unveiling' of Bitcoin Creator Satoshi Nakamoto

A recently launched website is making the rounds on social media, as it features a countdown to the...

2019-05-04 21:56:19


Featured News
News from Bitcoin.com
Craig Wright Ordered to Produce a List of Early Bitcoin Addresses in Kleiman Lawsuit

Craig Wright Ordered to Produce a List of Early Bitcoin Addresses in Kleiman Lawsuit

On April 28, the high profile Kleiman v. Wright lawsuit heated up when the plaintiffs alleged Craig...

2019-05-04 17:02:19

Celsius Wallet App Offers Interest and Loans for Your Cryptocurrency

Celsius Wallet App Offers Interest and Loans for Your Cryptocurrency

With crypto markets rising, hodling seems to be a sound investment strategy once again. If you have...

2019-05-04 11:50:31

New Website Promises to Unveil Satoshi Nakamoto in 10 Days

New Website Promises to Unveil Satoshi Nakamoto in 10 Days

The hunt for Satoshi Nakamoto, which has beguiled internet sleuths for years, has taken another biza...

2019-05-04 09:34:26

Alternative Bitcoin Cash Full Node Bchd Now Includes Public API

Alternative Bitcoin Cash Full Node Bchd Now Includes Public API

On May 3, the developers behind the Bchd project, a Bitcoin Cash full node implementation written in...

2019-05-03 23:50:30

Chaos Reigns as Darknet Markets are Downed

Chaos Reigns as Darknet Markets are Downed

In the last 72 hours, numerous darknet markets (DNMs) have been downed in a concerted DDoS attack. M...

2019-05-03 18:00:38

Markets Update: Optimism Grows as Cryptocurrency Prices Surge

Markets Update: Optimism Grows as Cryptocurrency Prices Surge

Cryptocurrency markets are seeing fresh gains today as the entire cryptoconomy has gathered $186 bil...

2019-05-03 15:30:08

47% of Institutional Investors Welcome Crypto Investments, Survey Shows

47% of Institutional Investors Welcome Crypto Investments, Survey Shows

A new study reveals surging investments in cryptocurrencies by institutional investors, with almost...

2019-05-03 13:05:00

How to Find a Crypto-Themed Template for Your Website

How to Find a Crypto-Themed Template for Your Website

Maintaining an online platform to promote products and services is a necessity in the crypto industr...

2019-05-03 10:59:26

$500K of BCH Shuffled in Record-Breaking Cashshuffle Transaction

$500K of BCH Shuffled in Record-Breaking Cashshuffle Transaction

On May 1, Cashshuffle participants shattered records by shuffling 1,774 BCH ($478K) following a $284...

2019-05-03 07:05:18