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.
It would not make sense for a trading country like Singapore to ban Bitcoin. I think East Asian countries are tolerant to crypto moneys. Yes Bitcoin is a money, everywhere where money is available there is a chance of profit. Some countries lead Bitcoin very well, leading to something uncontrollable.