Singapore's Prime Minister Tharman Shanmugaratnam said the country's government will "not ban" cryptocurrency.
In Asia, Japan and Singapore are the best markets for cryptocurrency and blockchain in recent years. In China, Vietnam, Indonesia banned bitcoin and the cryptocurrency market, Singapore was very active in developing Blockchain and cryptocurrency markets.
Good for them. Singapore is one of the richest and fastest growing economies of Asia. And it will be retarded for them to ban crypto-currency and other new technology. I am glad that they have realized this. May be now they will witness an inflow of Chinese Bitcoin users to their country.
It is not just actually good for them, might as well for us. Since as you have stated that Singapore is one of the richest country in Asia. They will surely give a huge boost to Cryptocurrency's growth. I am now expecting projects from them that benefits as all like what Japan is currently doing