The country’s central bank – The Hong Kong Monetary Authority (HKMA) – sees no sense in having its own digital currency given that already existing infrastructure is quite robust and efficient.
Dong He, deputy director of the IMF’s Monetary and Capital Markets Department, published an article where he suggested that crypto assets may reduce demand for central bank money and proposed central banks create their own digitized assets.
H2 Ventures and KPMG published their Fintech 100 list announcing the world’s leading innovators in the industry.
The following list of the globe’s 10 most valued unicorns shows the huge potential of the fintech industry which is gaining recognition from one of the leading investors.
Venture capital database CB Insights says 83% of the top fintech unicorns, worth more than $1 billion, are in the payments or lending sectors.