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Celebrate blockchain - whether you're for or against Bitcoin
It has wide range of applications outside of cryptocurrencies, and can benefit global financial system
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South Korean dealers at Hana Bank in Seoul last Friday. When it comes to central bank digital currencies, central banks in China, Hong Kong, Japan, South Korea, Singapore and Thailand have begun research, entered a proof-of-concept phase or, in China's case, started to issue an actual currency.
PHOTO: EPA-EFE
Choo Oi Yee
Even after the recent correction to the price of Bitcoin, the asset has more than tripled in value from a year ago.
The rise of the highly volatile cryptocurrency has been remarkable, but it has also divided opinion. Is this an innovative global currency or a speculative bubble?
