Can you please post the link here so that we can read everything about Singapore stance on bitcoin? Too lazy to search the web right now.  . One thing that goes with Singapore is that is a Information Technology hub for the in the last decades or more. So they are really inclined to adopt new technologies such as crypto. So they are going to attract entrepreneurs to make Singapore as their home based if indeed they are going to stay on embracing cryptos. And maybe we will see that they will become behind Japan as one of the prime movers. I would like to see them give incentives to ICO companies as well. Similar to what Belarus did, 5 years tax free, thus becoming a blockchain and crypto hub country.

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Yes, You can refer to the following links:
https://cointelegraph.com/news/singapore-confirms-it-will-not-ban-cryptocurrency-has-no-risk-concerns
https://ebitnews.com/international/singapore-will-not-ban-cryptocurrency/
This statement of Singapore has had a positive impact on bitcoin prices and the cryptocurrency market in the these days