Singapore, known officially as the Republic of Singapore, is a city-state located on an island in Southeast Asia. Singapore has a strong economy with a favorable investment climate, a competitive environment and a high level of education. Although Singapore has regulations around the industry, the country is commonly known for showing positivity toward blockchain and crypto. Regarding fintech, Singapore has a bustling scene. In Singapore, cryptocurrency trading is prevalent.
The country’s central bank, the Monetary Authority of Singapore, or MAS, has put forth a number of efforts relating to crypto regulation. A sign of its leadership in innovation, Singapore’s government was discussing Bitcoin taxes back in 2014, in the asset’s early days.
Sinabi ng Monetary Authority of Singapore na tanging ang mga stablecoin na ganap na regulado at may sapat na reserve-backed ang kikilalanin bilang settlement asset, habang naghahanda sila sa mga bagong batas at pagpapalawak ng kanilang mga CBDC trial.
Palawak mula sa US, inilunsad ang Coinbase Business sa Singapore upang bigyan ang mga startup at SME ng iisang platform para sa mga bayarang USDC, pamamahala ng asset, at iba pa.
Ang Singapore at ang UAE ang itinuturing na mga bansang pinakanahumaling sa crypto sa mundo dahil sa mataas na pagmamay-ari, aktibidad sa paghahanap, at mabilis na paglago ng pag-adopt nito.