16/01/18
The distributed ledger technology will be used even if the cryptocurrency market collapses. This was stated by the head of the Monetary Authority of Singapore (MAS), Ravi Menon, reports CCN.
The banker believes that if digital currencies fail, it will not affect blockchain technology at all.
At the same time, head of the MAS did not give a specific timeframe during which we should expect the collapse of virtual currencies and also did not specify what circumstances might contribute to this.
The financier does not rule out the creation of a national digital coin of Singapore, but does not consider it rational.
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