In statements published today, officials in Singapore confirmed a mainly hands-off policy regarding cryptocurrencies and stated that they had no plans to ban cryptocurrency as part of its future regulatory plans. As have many other governments, it warned about the risks of investing in cryptocurrency. At the same time, the government said it wanted to “continue to encourage experiments in the blockchain space that may involve the use of cryptocurrencies, because some of these innovations could turn out to be economically or socially useful.” Singapore is seen as favoring blockchain technology in the hopes of becoming a global hub for the technology.
Singapore Supports Cryptocurrency
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David Zaslowsky
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David Zaslowsky has a degree in computer science and, before going to Yale Law School, was a computer programmer. His practice focuses on international litigation and arbitration. He has been involved in cases in trial and appellate courts across the United States and before arbitral institutions around the world. Many of David’s cases, including some patent cases, have related to technology. David has been included in Chambers for his expertise in international arbitration. He is the editor of the firm's blockchain blog.