The Monetary Authority of Singapore plans to introduce new policies in 2024 to establish a digital asset center
According to the Hong Kong media "Economic Digest", the Monetary Authority of Singapore (MAS) plans to establish a digital asset center to attract foreign funds. It is reported that Singapore was once a center of the virtual currency industry, but suffered a market collapse in 2022 due to the Terraform Labs incident. Nevertheless, the Monetary Authority of Singapore still hopes to use blockchain">blockchain technology underlying virtual currencies to establish a digital asset center. It is said that the Singapore government will introduce new policies next year to strictly regulate the virtual currency market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin ETFs lead $3.1 billion weekly inflow record into crypto investment products: CoinShares
Crypto investment products registered a record $3.13 billion worth of net inflows globally last week, led by the U.S. spot Bitcoin ETFs, according to CoinShares.The funds’ year-to-date net inflows have also reached a record $37 billion, while assets under management hit a new peak of $153 billion.
Gaming Tokens Gain 28%, SAND, APE, and AKsS Lead Rally
Blockchain to be used to count votes in Romanian presidential elections
Sui Blockchain's Record Performance Sends Token Price to $3,46
Trending news
MoreCrypto prices
More
