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Leaders and policymakers should not be swayed by calls to pivot to cryptocurrencies when gold is as strong as ever.

The ability of central banks to pursue their main goals will depend increasingly on pursuing reforms in how they think and function.

Hong Kong Monetary Authority hopes proposed term ‘licensed digital bank’ will inspire confidence in those that use such facilities when online fraud is on the rise.

Online scam syndicates are growing exponentially as more investors fall for get-rich-quick traps amid surging prices of cryptocurrencies.

Bitcoin has staged a comeback from a difficult 2022, with its price rising higher than US$73,000 on the back of support from US regulators. The approval of spot bitcoin ETFs is driving interest but also raising fears of the cryptocurrency losing its status as an unregulated, decentralised product.

De facto central bank aims for first-mover advantage through blockchain technology, providing welcome lift to Hong Kong’s image as global financial centre

From wealth management to bonds and banking services, mainland China has shown further support for city as a financial hub

Charlie Munger, along with investment partner Warren Buffett, built a strategy around good assets that had been underpriced. With a little of Munger’s discernment, investors and regulators might have avoided much pain over the likes of FTX and Binance.

As more central banks explore or push to launch digital currencies, the world is looking likely to fragment into currency blocs. This would reinforce the growing use of local currencies in cross-border payments and hasten a long-term decline in reliance on the US dollar.

Without some level of harmonisation, the world may be a long way off from a universally enshrined set of AI codes of conduct.

As cash becomes increasingly obsolete and inconvenient, the future of payments is digital. Major central banks are simply adjusting to this new reality.

China’s growing clout makes the Belt and Road Initiative and Regional Comprehensive Economic Partnership ideal platforms to push for yuan internationalisation, aided by Hong Kong’s financial centre strengths.