• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Singapore and Its Situation in the Cryptocurrency World
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Regulations, Law & Policy > Singapore and Its Situation in the Cryptocurrency World
Regulations, Law & Policy

Singapore and Its Situation in the Cryptocurrency World

vitalclick
Last updated: December 16, 2024 8:38 pm
3 months ago
Share
SHARE

Singapore, one of the richest countries in Southeast Asia, is at the top of the cryptocurrency list. According to a Bloomberg report based on data from Henley & Partners consultancy, Singapore surpasses all other countries with the necessary infrastructure and rules it has created for the crypto asset industry.

Crypto Infrastructure and Licensed CompaniesIncentives and Comparison

Crypto Infrastructure and Licensed Companies

In Singapore, Coinbase and Ripple $2.4 Around 30 US-based crypto companies such as Hong Kong-based Futu are licensed by the Monetary Authority of Singapore (MAS) to provide digital token services. MAS is also working on a digital Singapore dollar.

Incentives and Comparison

The city-state, unlike other Asian countries, is introducing tax incentive programs for crypto. Large Asian countries such as China and India are taking a cautious approach and taking slow steps towards crypto.

Bloomberg notes that the new generation has accepted that crypto transactions can become mainstream. This acceptance was further strengthened after the US approved spot crypto exchange-traded funds (ETFs).

Survey results conducted by crypto platform Independent Reserve at the beginning of the year also show that approximately 40% of Singaporean investors own crypto.

The report writes that Singapore will likely benefit from its investments in crypto assets. Former US President Donald Trump’s return to the White House is expected to usher in a period that will support the crypto rally. Bitcoin (BTC) after Trump’s victory in November’s presidential election $104,723.9 surpassed the six-figure price level.

Bitcoin is currently trading at $107,501.

Singapore’s leadership in crypto adoption is supported by the robust infrastructure and incentives the country has established for crypto assets. In the face of the cautious approach of other Asian countries, Singapore’s advances in this field attract attention. The fact that 40% of investors are turning to crypto assets indicates the sustainability of this trend.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

You Might Also Like

US Federal Judges Criticize SEC Over Bitcoin and Ethereum!

Trump Now Preparing for Second Major Cryptocurrency Step

Latest Predictions for Cryptocurrencies from Bitwise CIO

Breaking News: Cryptocurrency Accusation Against TikTok

What is the Status of US Cryptocurrency Law? Details on the Working Schedule

TAGGED:law
Share This Article
Facebook Twitter Email Print
Previous Article FTX Chapter 11 Plan To Take Effect in January 2025, Kraken and BitGo To Assist With Recoveries
Next Article Important: Messari and 2025 Solana (SOL) Report, What is the Target Price?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?