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The retiring MAS director believes the future monetary system will revolve around CBDCs, tokenized bank liabilities, and stablecoins. The Director of the Monetary Authority of Singapore (MAS), Ravi Menon, has emphasized that private cryptocurrencies have no future. Menon shared his thoughts as a panelist at an event jointly hosted by the
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“One of the things that makes crypto risky is that consumers may not understand the difference between one token and another token,” Bitfury’s Brian Brooks said during the Congressional hearing last week. “We don’t allow that in the United States [but] we do allow it in Canada. We allow it
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The founder of “Joker’s Stash,” one of the largest underground marketplaces for stolen payment card data, is officially retiring after making a fortune of over $1 billion, reports Elliptic, a U.K.-based blockchain analytics firm.According to an Elliptic blog post, the site’s pseudonymous founder, JokerStash, said the site will cease operations
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