Digital Currencies and Their Adoption in Singapore

MONEY, FIAT CURRENCY AND CRYPTOCURRENCIES
The three main functions of money are as a unit of account, medium of exchange and store of value. Cash is a financial instrument and physical asset that combines four features: (i) it is anonymous; (ii) it is universal (anyone can take possession); (iii) it is exchanged peer to peer (without knowledge of the issuer); and (iv) it does not yield any interest by itself[1]. Banks are the traditional money creators and maintain their inimitability at keeping reserves at the central banks (CBs).

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Building Resilience Amidst Uncertainty: The Future of Work in the Age of Digitalisation

Digitalisation has given rise to monumental shifts in the future of work. With numerous predictions about the disruptive effects of technology, workers and the organisations they work for are inundated with negative messages of disruption. Furthermore, the future of work is not immune to further complications brought about by other global phenomena. The COVID-19 pandemic, for example, has further disrupted the way we work and will eventually entrench a new normal upon us.

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Food Delivery Workers – Riding the Waves of Uncertainty

In the past couple of years, the gig economy – specifically the food delivery sector – has experienced a burst of demand as a result of fundamental shifts in consumer behaviour. The delivery boom has also created a massive new sector of employment that has pulled in a diverse demographic of workers from various backgrounds.

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