Everyone is looking at El Salvador to be “the home” of Bitcoin, but I believe Singapore is better to be the true hub of the Bitcoin industry, with serious players.
Singapore has made a lot of effort on the technological sector. It cannot be said of El Salvador.
Singapore has clean governance, and almost zero corruption. El Salvador’s government structure might be corrupt everywhere from the bottom to the top.
Singapore’s banking industry is what made the country develop into one of the richest countries in the world. It can further develop by embracing the Bitcoin industry.
Singapore is far better in terms of everything we can imagine compared to El-Salvador. I remember, one of the oldest exchange of my country Zebpay moved to Singapore in just a week when the Central Bank of my country banned crypto exchanges from receiving banking service. It shows how transparent and business friendly the government of Singapore is who can arrange to shift an entire business from one country to another in just a week. No wonder why Singapore is one the richest place on earth and also tops in almost every single human development index.
El-Salvador is probably the one country who is trying to push for mass adoption, but Singapore will remain the business hub for any kind of legal businesses.