Singapore Banking Chief: Private Crypto Has ‘Miserably Failed'  

We could be witnessing the twilight of private cryptocurrencies, says one of Singapore's top central bankers. Monetary Authority of Singapore (MAS) Managing Director Ravi Menon argued Tuesday (Nov. 28) that private crypto will eventually be replaced by a monetary system ruled by central bank digital currencies (CBDCs), “well-regulated” stablecoins and tokenized bank liabilities.

https://www.pymnts.com/cryptocurrency/2023/singapore-banking-chief-private-crypto-has-miserably-failed/?utm_source=snapi