back to article Singapore's fintech boss says stablecoins might win before CBDCs even get started

While central bank digital currencies (CBDCs) are often advanced as a way to improve the world's creaking cross-border payments infrastructure, some financial experts believe the government-issued tokens may be usurped by stablecoins and other products. "I have had a feeling that a well-regulated [stablecoin] can become a …

  1. Anonymous Coward
    Anonymous Coward

    The faster it goes through the harder it is to stop fraud and other criminal usage.

    1. MiguelC Silver badge

      Nowadays every check is automated, so speed is available in traditional banking also. I can transfer money from EUR accounts in different countries in a matter of seconds, and all security checks are done on-the-fly (against fraud, terrorist funding, money laundering, etc.)

      You would just need to guarantee that crypto currency transfers are compliant with regular banking safety measures.

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