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Singapore to position itself as global crypto center, says regulator
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The regulation of cryptocurrencies varies considerably across the globe: China has cracked down on significant amounts of crypto activity in recent months, while Japan only recently allowed specialized cryptocurrency investment funds. El Salvador, on the other hand, has accepted Bitcoin (BTC) as a legal currency.
As financial centers throughout the world seek to regulate the sector, Singapore is aiming to establish itself as the globe’s capital for crypto-related enterprises. According to Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), the city-state might have been left behind had it not gotten a head start on how to deal with cryptocurrencies.
“With crypto-based activities, it is basically an investment in a
Read more on cointelegraph.comAbout this in other media
Argentina U-Turns On Crypto Tax With New Regulation cryptonews.com /3 years ago
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Peru's central bank joins global push to develop a digital currency economictimes.indiatimes.com /3 years ago
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