Singaporean sovereign wealth fund joins Libra

Temasek Holdings, a Singaporean state-owned investment firm, has joined Facebook’s digital currency project and become the first government-owned fund to join the association. Temasek is Singapore’s sovereign wealth fund and has over US$210 billion under management, including investments in Alibaba, Tencent, and Dell. The fund tweeted that it was looking forward to the potential ofContinue reading “Singaporean sovereign wealth fund joins Libra”

Bank of China representative shares new information on the upcoming digital CNY

A representative of the state-owned Bank of China has spoken to CCTV, China’s main state-owned television network, about China’s upcoming digital CNY. The representative confirmed that pilot tests had begun in several cities in China. She also confirmed commercial institutions would pay a 100% reserve to the central bank to ensure the digital CNY isContinue reading “Bank of China representative shares new information on the upcoming digital CNY”