Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain May Be Forced to Shut Down
Source: AdobeStock / Richie Chan Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news . __________ CBDC news Financial services group DBS today announced a partnership with Open Government Products (OGP), a tech team within the Singapore Government, to launch a live pilot where purpose-bound money-based vouchers (PBM vouchers) are issued using tokenized SGD to facilitate "real-world" live transactions with selected merchants, said the press release. This forms part of Project Orchid , an industry effort led by the Monetary Authority of Singapore (MAS), to develop the technology infrastructure and technical competencies to enable a programmable digital Singapore dollar (DSGD). Investment news Hong Kong has announced plans to launch a crypto exchange-traded fund (ETF) focused on major cryptoassets like bitcoin (BTC) and ethereum (ETH), Ming Pao rep...