Blockchain Startups are Welcome in Singapore!
According to the senior official of Singapore´s central bank there are currently more than 50 Blockchain Startups located within the Country. All probably due to the fact, that the new technology is welcome in Singapore and companies don´t have to fear any major restrictions.
Actually the whole tech industry is getting supported by local research institutions, venture capitalists and major tech firms as explained just yesterday by Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS).
Further he sees a huge potential in the cooperation with the Indian state of Andhra Pradesh, who just recently started a number of Blockchain Pilots e.g. to replace the current land registry. In regards to this Partnership Ravi Menon further stated the following:
"We can explore how our customs and trade platforms can be linked up to facilitate exchange of trade documents and advance the digitalisation of trade. Our banks can work together on new models of cross-border payments to improve settlement time, allow for round the clock operations, and reduce settlement risk."
Singapore might lead us into the Future!
Whenever we´re talking about CryptoCurrencies or Blockchain in general then we´re always getting back to Singapore in one or another way. The country facilitates the new technology, which is quite clever due to the huge potential it bears and the great advantage it might bring them over other countries, who are still trying to understand or even ban it all.
In my opinion Singapore will become one of the major hubs of Blockchain revolutions in future and might just be the country that allows us all to make the next step into a more independent future through the use of this new technology.
What´s your opinion?
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Countries around the world should learn something from Singapore in association with Cryptocurrencies. Most of the countries are fearing to accepting digital currencies. But one day they'll have to accept it, in order to compete and survival. Thanks for all the information.
@alexKARKI
Glad to hear about state-level support for the cryptocurrency trade and blockchain startups.. Not many countries are ready to this, at least for now. May be the big guns are not too ready to move away from the centralized system, since that gives them a lot of control over how markets perform, and they certainly don't want to give up that.
However, I believe that even if it takes some time, eventually world markets and governments will have to adapt to the changing trends in terms of global transactions and all the benefits this system offers.
We´ve got some interesting times in front of us and just like you say it´ll be a small war with the centralized systems as the people running them are definitely not eager to give away the slightest piece of their Power.
It's bound to eventually emerge into the major markets and countries one day. Completely can do without banks and centralisation focusing more on where people want to put their money without being told to. Thanks for sharing
Cryptos give the control back to the people rather than collecting at all at one point. Curious to see whether the mass actually wants that or not...
Is there anyone who is both miner and investor in cryptocurrencies? What would be your advice to someone who is thinking about trying mining instead of investing? Is it even worth it at the moment? (After doing research I made a conclusion that it's better to invest but I still, want to hear from the people who are experienced in both fields. )
Good info
Forget Russia FUD and focus in Singapore, Japan and Dubai if you want to succeed.
In case you plan to start some Blockchain company then that´s definitely true.
img credz: pixabay.com
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