OPINION

The international payment system is broken - and it's time Singapore picks a new one

If Singapore fails to do this, unregulatable systems like Bitcoin may prevail. The Monetary Authority of Singapore and the banks should work together to secure a transparent, workable system

FINANCIAL data is one of the most valuable assets in this digital age. Tell me who you pay and I'll tell you who you are. Your bank's records show where you were and who you were with. They make clear your interests, your political affiliations and they can be used to track down your mistress -