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In this 2013 photo, Singapore's central business district is shown at dusk. Edward Tian | Moment | Getty Images Singapore still wants to be a hub for digital assets, but not one for speculating on cryptocurrencies, said Ravi Menon, managing director of central bank the Monetary of Singapore. "If a crypto hub is about experimenting with programmable money, applying digital assets for use cases or tokenizing financial assets to increase efficiency and reduce risk in financial transactions, yes, we want to be a crypto hub," said Menon in his opening address at the Singapore Fintech Festival 2022 on Thursday. Tokenizing a financial asset involves converting its ownership rights into digital tokens . DBS Bank is testing out Singapore's first digital money live pilot for government vouchers, enabling merchants to program and self-execute the distribution and usage. "But if it is about trading and speculating in cryptocurrencies, that is not the kind of crypto hub we w...

In this 2013 photo, Singapore's central business district is shown at dusk. Edward Tian | Moment | Getty Images Singapore still wants to be a hub for digital assets, but not one for speculating on cryptocurrencies, said Ravi Menon, managing director of central bank the Monetary of Singapore. "If a crypto hub is about experimenting with programmable money, applying digital assets for use cases or tokenizing financial assets to increase efficiency and reduce risk in financial transactions, yes, we want to be a crypto hub," said Menon in his opening address at the Singapore Fintech Festival 2022 on Thursday. Tokenizing a financial asset involves converting its ownership rights into digital tokens . DBS Bank is testing out Singapore's first digital money live pilot for government vouchers, enabling merchants to program and self-execute the distribution and usage. "But if it is about trading and speculating in cryptocurrencies, that is not the kind of crypto hub we w...

In this article BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration Dado Ruvic | Reuters Bitcoin's lack of volatility lately isn't a bad thing and could actually point to signs of a "bottoming out" in prices, analysts and investors told CNBC. Digital currencies have fallen sharply since a scorching run in 2021 which saw bitcoin climb as high as $68,990. But for the past few months, bitcoin's price has bounced stubbornly around $20,000 in a sign that volatility in the market has settled. Last week, the cryptocurrency's 20-day rolling volatility fell below that of the Nasdaq and S&P 500 indexes for the first time since 2020, according to data from crypto research firm Kaiko. Stocks and cryptocurrencies are both down sharply this year as interest rate hikes by the U.S. Federal Reserve and a strengthening dollar weighed on the secto...