HONG KONG: South Asian countries such as Singapore and Cambodia are exploring the launch of central bank digital currencies (CBDCs) to enhance payments efficiency and to encourage start-ups and e-commerce in the region, a panel hosted by the South China Morning Post was told on Thursday.
With a relatively young population that has a median age of 30 years and a high percentage of internet and mobile phone sue, Southeast Asia has seen a lot of start-ups come up in digital payments, e-commerce and cryptocurrencies.
