Singapore is pushing crypto agenda hard, all in its bid to become an authentic blockchain-powered Asian tiger. News coming from that country seem to confirm the Singapore’s growing status as a cryptocurrency hub in addition to its role as the financial and technological powerhouse in Asia.
Singapore’s markets remain largely open to the developments in the crypto scene, with a particular preference for cryptocurrency exchange trends. Subsidiaries of large exchanges such as Upbit and Bithumb have already become operative in Singapore, finding its market and regulations attractive for their business. At the same time, Singapore is profiting from the South Korea’s ICO (initial coin offering) ban, serving as the alternative home to various “refugee” ICOs.