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.
Singapore has been a country setting example in many things to other countries. In its cleanliness, responsibility in ruling, treating its citizens, infrastructures and etc, Singapore is spoken out everywhere. Now it is open to adapt crypto currencies. Countries who deny accepting crypto should learn from them. Singapore is going to increase its wealth, name and fame with crypto besides they being always on top of everything. I wish every asian country should start adapting crypto currencies.