Singapore Leads Asia’s Crypto Boom Amid Bitcoin Surge
Bitcoin’s surge above $100,000 is fueling Singapore’s cryptocurrency ambitions. The country is known for its crypto-friendly policies and leads Asia in digital asset adoption, with companies such as Coinbase and Ripple gaining operating licenses. Despite setbacks from the collapse of Terra and FTX, Singapore’s infrastructure and investor interest remain strong. About 40% of Singaporeans hold cryptocurrencies, driven by global ETF approvals. However, the Monetary Authority of Singapore remains cautious and restricts retail investors from purchasing spot ETFs. Singapore’s crypto dominance is likely to be solidified in 2025 as optimism grows, especially amid a possible shift in U.S. policy amid Donald Trump’s pro-Bitcoin stance.