The Central Bank of Singapore and Cambodia saw digital currencies as a means of encouraging trade
Representatives of the central banks of Singapore and Cambodia said that the popularity of cryptocurrencies among young people is pushing regulators to encourage state-owned digital currencies. At an event titled “China Conference: Southeast Asia,” representatives from the two countries’ central banks said they were interested in issuing central bank digital currencies (CBDCs). This was reported by the South China Morning Post. Central banks are motivated by the growing popularity of cryptocurrencies among young people. Representatives…
