It's already a technological hub since the early 2000. There were even mass migration from our IT sector in around 2000-2010 to enjoy the benefits of being in the information technology, (developer, support, QA and other position, mostly though it is with a big bank). I know it because I was part of the exodus that time. Some of my co-employees decided to stay and continue to work there but I decided to go back to our country.

So I wouldn't be surprised that up to this day, the government of Singapore is very incline to new technologies like crypto or bitcoin in general. Again, if they become a hub, good for us as they could have been one of the best countries for a crypto startup.