Singapore snaps out of ambitious crypto dream

San Francisco Post20 Dec, 2022News

t that time, Singapore would be where people from all over the world would go to buy and sell cryptocurrency. Early on, it was clear that authorities wanted to use blockchain technology. This, along with the good business climate in the city-state, attracted digital asset companies and an increasing number of investors. KPMG says that in 2021, the amount of money invested in the industry in Singapore will be $1.48 billion (£1.2 billion), which is ten times what it was the year before. This was almost half of the money invested in Asia Pacific for the whole year.