Singapore Takes Initiative to Become Friendly With Crypto Industry

  • Singapore often tops the rankings of the world’s most open economies, but its relationship with the cryptocurrency industry has blown hot and cold.
  • The Monetary Authority of Singapore (MAS), the city-state’s central bank, this week announced what it calls Project Guardian, to test risk-management in blockchain asset tokenization and decentralized finance (DeFi) initiatives.
  • Whether Project Guardian lures them back is unknown, but the crypto industry is paying attention to the initiative and any opportunities it may open up.

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