Singapore is going to be the first country that will regulate cryptocurrency at the governmental level

Singapore is for a reason considered one of the most progressive countries in the world. During the Singapore Blockchain Week, the best experts in the field of blockchain and cryptocurrencies were involved to discuss the possibilities of the country’s development in this sphere. Despite that, all news that was released is quite interesting the statement of the Monetary Authority of Singapore (MAS) about further plans caused a huge reaction.

So, Singapore is confirmed its status of the crypto hub of Asia. The county is planning to develop blockchain technology locally and openly discusses and releases official documents about the application of securities laws to digital token offerings and issuances (“A Guide to Digital Token Offering”). That is why different types of cryptocurrency projects go to Singapore widely.

It’s only matter of time before Singapore surprise the whole world with totally new vision on cryptocurrency regulation.