[ExI] Crypto executives and companies are flocking to Singapore to take advantage of its crypto-friendly regulations and growth potential
possiblepaths2050 at gmail.com
Sat Aug 7 05:57:41 UTC 2021
"As the rest of the world cracks down on cryptocurrencies, the island
nation of Singapore is becoming a hotspot for global crypto companies and
executives with its warmer regulations and license exemptions.
Binance, the world's largest crypto exchange by trading volume
is one of the most prominent groups to set up shop in the country, with CEO
Changpeng Zhao having moved to the city-state in recent years.
In the rest of the world, the exchange has faced a flurry of clampdowns
from various governments, largely over concerns of unregulated activity
that has the potential to be used for money-laundering or terrorist
funding. Thailand, Japan, the EU, Canada,
and the US are all probing
taking action against Binance, and the exchange was banned from the UK in
But crypto players like Binance have found Singapore to be a paradise of
opportunity, even while a regulations storm looms over the industry in
other parts of the globe."
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