Singapore would like to be a hub for blockchain in finance, just not speculative crypto investing, MAS states

Vital Factors

Singapore has ambitions to come to be a world wide cryptocurrency hub, but has not been pleasant toward cryptocurrencies due to their volatile and speculative mother nature, sending mixed indicators to the sector.
Singapore needs to be a hub for digital belongings, just not for buying and selling and speculating in cryptocurrencies, Ravi Menon, managing director of the Monetary Authority of Singapore, reported at the Singapore Fintech Pageant.
The metropolis-point out has proven its acceptance for blockchain engineering and has embarked on numerous assignments these types of as Undertaking Ubin and Venture Guardian which examination blockchain purposes in money companies.

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