Digital tokens back in spotlight as bitcoin soars

However, regulation needs to pick up pace to match token economy, say fintech players

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Cryptocurrencies are back in the spotlight after having lost much of their shine since 2017, when the value of bitcoin hit an all-time high of nearly US$20,000 (S$27,173).

Hype last month over Beijing's support for blockchain technology and Facebook's upcoming move into financial services with its proposed Libra currency have refreshed interest in the token economy.

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A version of this article appeared in the print edition of The Straits Times on November 07, 2019, with the headline Digital tokens back in spotlight as bitcoin soars. Subscribe