CoinVoice has recently learned that, according to Bloomberg, approximately 30 payment companies have obtained digital token service licenses issued by the Monetary Authority of Singapore, including the US-based Coinbase and Ripple, as well as Hong Kong-based Futu. Additionally, the Singapore central bank is experimenting with a digital Singapore dollar.
With the US approving spot ETFs for Bitcoin and Ethereum, Generation Z and even the Baby Boomer generation are increasingly accepting cryptocurrency trading as mainstream. According to a survey conducted earlier this year by the exchange Independent Reserve, about 40% of Singaporean investors own cryptocurrencies.
Analysis indicates that with Trump's return to the White House and his promise to usher in a new era supportive of the cryptocurrency industry, this could bring returns to Singapore by 2025. [Original link]
