Singapore aspired to become the first crypto-friendly country, as this city-state has taken steps that moved it closer to the introduction of cryptocurrencies into the economy.
According to TechCrunch, the Singaporean government has a well-thought-out plan in that direction, and this could turn the Island city-state into the first country to fully embrace cryptocurrencies.
The idea was discussed by regulators at the ‘Singapore Consensus 2018’. The event welcomed thousands of cryptocurrency visionaries, entrepreneurs, and experts to discuss and create new links that might form the foundation of the future of the industry.
But Singapore is not alone in this drive. The battle is on with other nations planning their own cryptos – if the currencies maybe called as it is sometimes too long to spell cryptocurrencies.
Malta is one country eying the waves of cryptocurrency to tokenize its financial assets. Malta continues to take the lead in attracting innovative blockchain and cryptocurrency ventures and it has attracted Shariah Compliant cryptocurrency exchanges, which has set its sights on this European Island nation.
Sources: ethereumworldnews.com, theindependent.sg