Jump to content

Factbox: Singapore's rise, and falter, as Asia cryptocurrency hub


Recommended Posts

Posted

Factbox: Singapore's rise, and falter, as Asia cryptocurrency hub

 
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on motherboard in this illustration picture

HONG KONG/SINGAPORE, July 12 (Reuters) - Singapore's burgeoning cryptocurrency sector has been shaken by the recent collapse of Three Arrows Capital, a cryptocurrency hedge fund, and signs of tighter scrutiny by regulators at the Monetary Authority of Singapore. read more

Following are key facts about the rise of Singapore as an Asian cryptocurrency hub, and the fallout from the Three Arrows collapse.

HOW IMPORTANT IS SINGAPORE TO ASIA'S CRYPTO SECTOR?

Investment in Singapore's crypto and blockchain companies surged to $1.48 billion in 2021, according to KPMG, ten times the previous year and nearly half the Asia Pacific total for 2021.

 

https://www.reuters.com/technology/singapores-rise-falter-asia-cryptocurrency-hub-2022-07-12/

 

image.jpeg

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...