Smart move from Singapore authorities I would say
This country knows how to catch the moment and receive positive impact out of new trends, respect
Singapore has been smart when its about to profitable things and businesses even they are a very small country.
And this is one of the countries that I want to visit one day but going back to the topic, they are following the trend of other countries who are adopting bitcoin which is good.
Don't just believe anything as I have known too that in Singapore they are considering bitcoin, you are right they are also in favor of having cryptocurrency, and they are studying things about it, glad to have Japan and Singapore in crypto world.
This is what I'm talking, progressive countries are into crypto's now.