Why Singapore is emerging as global crypto leader
When it comes to crypto adoption, the Asia-Pacific region is way ahead of the game. Countries such as South Korea, Hong Kong, China and Japan were all early adopters of blockchain technology, but now, Singapore is quickly emerging as a global leader in the mainstream adoption of digital currency.
Even before regulating cryptocurrency directly, MAS carefully monitored blockchain businesses and crypto activity. In some instances, it actively encouraged the public to exercise caution and understand the associated risks before investing in cryptocurrencies.