Summary
- Singapore is gaining attention in the industry for its crypto-friendly regulations.
- Singapore is praised for having a significant number of blockchain patents and cryptocurrency exchanges.
- Last year, Singapore doubled the issuance of digital asset licenses, strengthening the industry's growth foundation.
According to Cointelegraph, a cryptocurrency-focused media outlet, Singapore is gaining attention for its crypto-friendly regulatory environment. Currently, Singapore boasts 1,600 blockchain patents, 2,433 related jobs, and 81 cryptocurrency exchanges. Given Singapore's population size (around 6 million), this is considered highly impressive. Additionally, Singapore doubled the number of digital asset licenses issued last year, strengthening the growth foundation of the cryptocurrency industry. Following Singapore, Hong Kong is also noted as a regulatory-friendly country.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
