Is Singapore set to become a hub for the crypto industry?
"Theses on cryptocurrency development in one of the world's richest countries"
Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), has made some interesting statements about the development of cryptocurrencies:
- Cryptocurrencies are an investment in a promising future.
- Singapore is at the forefront of cryptocurrency adoption. The country has specifically developed a legislative framework and tax regime for the development of digital assets.
- MAS practices very strict regulation to protect investors.
Can Singapore replace China on the global cryptocurrency scene?