Traditional financial institutions have role to play in shaping crypto ecosystem

Cryptocurrencies have rallied to reach a total market value of over US$2.2 trillion, a ten-fold increase since the beginning of last year.
Cryptocurrencies have rallied to reach a total market value of over US$2.2 trillion, a ten-fold increase since the beginning of last year.PHOTO: REUTERS

SINGAPORE - Digital payments and settlements have been around for a long time; even private digital currencies are now more than a decade old.

Energised by rapid advances in connectivity, mobility and data storage, the world of digital payment and currencies has made major strides in recent years.

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