Singapore Sets the Pace in Blockchain Development Over Southeast AsiaThe government of Singapore is looking to promote the development of blockchain technology with the aim of improving financial inclusion for Southeast Asian countries.
Speaking at the ASEAN finance ministers meeting on Friday, Heng Swee Keat, Singapore’s minister for finance, highlighted the government’s plans to foster innovations such as blockchain to improve access to finance in the region.
“In particular, we will support digital innovations like fintech,” the minister said. “For example, the underlying distributed ledger technology presents us with many opportunities for cheap and secure transactions. This can promote financial inclusion for underserved and underbanked segments in ASEAN.”
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