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Central Bank Officials are Not Confident in Bitcoin or Other Digital Currencies' Ability to Serve as Legitimate Financial Instruments

Existing virtual currencies are unlikely to last, according to
Bank of England governor
Andrew Bailey.
Decentralized cryptocurrencies like Bitcoin (BTC) or Bitcoin Cash (BCH) don’t have the appropriate structure to work as a viable long-term payments method, according to Bank of England (BoE) governor Andrew Bailey.
While attending the recent World Economic Forum (WEF) panel, Bailey confirmed that there have been a lot of innovative projects being launched in the digital payments space during the past few years.
But Bailey also pointed out:
“Have we landed on what I would call the design, governance and arrangements for what I might call a sort of lasting digital currency? No, I don’t think we’re there yet, honestly. I don’t think cryptocurrencies as originally formulated are it.” ....

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HA Group intensifies activities in Southeast Asia

12. January 2021
HA Group intensifies activities in Southeast Asia
Hüttenes-Albertus (HA), the world s leading manufacturer of chemical products for the foundry industry, announces the acquisition of the majority stake in Centre West Foundry Supplies Sdn. Bhd. From 4 January 2021, the company becomes part of the global network of the HA Group as HA ASEAN Sdn. Bhd.
Hüttenes-Albertus Chemische Werke GmbH acquires the majority shares of Centre West Foundry Supplies Sdn. Bhd. in Malaysia with effect from 4 January 2021. The former distribution partner will become the new company HA ASEAN Sdn. Bhd. with a registered office in Kuala Lumpur, Malaysia.
Centre West Foundry Supplies had previously been HA’s long-term distribution partner in Malaysia since 2014. Ken CHEW Kean Woei, Centre West’s previous managing director, remains a strong minority shareholder and becomes CEO of the new company HA ASEAN. ....

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HA Group intensifies activities in Southeast Asia

HA Group intensifies activities in Southeast Asia
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