What are the benefits of Singapore starting its own digital asset?

3 answers

• Nov 23, 2021 · 3 years ago
  As a leading financial hub in Asia, Singapore has the opportunity to establish itself as a pioneer in the digital asset space. By creating its own digital asset, Singapore can attract more blockchain and cryptocurrency companies to set up their operations in the country, which can lead to job creation and economic growth. Additionally, having its own digital asset can enhance Singapore's reputation as a forward-thinking and innovative nation.
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• Nov 23, 2021 · 3 years ago
  Singapore starting its own digital asset can also provide greater financial inclusion for its citizens. With a digital asset, individuals who are unbanked or underbanked can have access to financial services and participate in the digital economy. This can help bridge the gap between the traditional financial system and the emerging blockchain industry, creating opportunities for financial empowerment and inclusion.
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• Nov 23, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, believes that Singapore starting its own digital asset can strengthen the country's position in the global digital economy. By leveraging blockchain technology and issuing a digital asset, Singapore can enhance cross-border transactions, improve transparency, and reduce costs. This can attract more international businesses and investors to Singapore, boosting the country's economic competitiveness and fostering innovation.
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