Why is Singapore so popular?

[Kiley33]

After banning exchanges and cryptocurrencies in many countries, most people go to Singapore to register for Singapore foundations, because Singaporean supports ICO issuance, complete follow-up services, and cost-effective. For example, currency and Litecoin are all issued in Singapore of.
Advantages of registering in Singapore:
1. The government supports the development of blockchain and the policy environment is good
2. The market is mature and the follow-up legal services are perfect
3. Excellent and well-known projects are also in Singapore, such as Litecoin and Quantum Chain
4. Reasonable price and high cost performance
5. The local lawyers of Xinjiapi 158 can provide specific 4331-related legal opinions to prove the legality of the project based on the needs of the 6917 project party.

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[DapanasFruit]

Do you mean Singapore by Sin Gapi? I understand that Singapore is indeed open to cryptocurrency and fintech companies which are focusing in the business related to cryptocurrency. This is where Kucoin is really headquartered and they are doing so far so good in this small state nation. However, it should also be noted that regulations are in place in Singapore so one has to follow the necessary rules and policies, otherwise you can be subjected to flagging literally and figuratively. I am sure that soon Singapore can be a big model in Asia on how to deal with this fledging industry.

[Kiley33]

Do you mean Singapore by Sin Gapi? I understand that Singapore is indeed open to cryptocurrency and fintech companies which are focusing in the business related to cryptocurrency. This is where Kucoin is really headquartered and they are doing so far so good in this small state nation. However, it should also be noted that regulations are in place in Singapore so one has to follow the necessary rules and policies, otherwise you can be subjected to flagging literally and figuratively. I am sure that soon Singapore can be a big model in Asia on how to deal with this fledging industry.

Yes, I am sorry that this is caused by my writing error. If this is the case, people from other countries that prohibit Bitcoin can use Bitcoin normally if they live in Singapore, right?

[Lorence.xD]

Singapore seems to be providing regulation and leeway for the crypto market. It's been proven that now many are turning there. I think now countries should be able to implement like Singapore if they want their country to become a destination for investment

Singapore is a small country so I don't think that we will be getting the same results as them when it's applied to our respective countries, unless we start now like what Singapore is doing, we will be able to do the same probably.

[Nora Olin]

Singapore is the center of Asia's blockchain. The government is very friendly to blockchain. Because of precedents, the Singapore market also contains many companies in the blockchain industry. It is easier for everyone to recognize and get the goodwill of users. Although Singapore is a small country, the government has a strict system for foundations and enjoys a high reputation.

[bitcion--]

Singapore is the freest financial center in the world and has a good financial investment environment. Political stability and advanced Internet technology.I believe cryptocurrency will have good prospects in Singapore.

[Leviathan.007]

I've been in Singapore years ago and I could see the government of Singapore won't make it hard for the new opening businesses for example when I was talking on the streets I saw some ads about new cryptocurrencies and the new ICOs also many people were attracted by them and you could find many cryptocurrency projects started there. However, due to having this kind of open rules for the new businesses including cryptocurrencies, you can find many scam and Ponzi projects hosting their services there.

[Strongkored]

In my opinion, crypto-friendly countries like Singapore will not immediately allow crypto without doing research first, so they already understand all the pros and cons. Singapore is a country that is quite rich, their political situation is also stable, so the development of new technologies will be very easy in such countries.
The Singapore government certainly understands how much money can enter their country through crypto and they catch this very well.

[CaVO32]

In my opinion, crypto-friendly countries like Singapore will not immediately allow crypto without doing research first, so they already understand all the pros and cons. Singapore is a country that is quite rich, their political situation is also stable, so the development of new technologies will be very easy in such countries.
The Singapore government certainly understands how much money can enter their country through crypto and they catch this very well.

They are also considered like the technohub in Asia. So as much as possible, new innovations and advancements in technology like this crypto, they want to get a hold first but of course, they will be doing their job of understanding it. This is why they are open to this kind of new tech. If some are hesitant to accept this new currency, they are very open on the other hand. So the laws or protocols towards crypto are not that strict as they want to accommodate this tech as much as possible.

[tulusikhlas]

Singapore seems to be providing regulation and leeway for the crypto market. It's been proven that now many are turning there. I think now countries should be able to implement like Singapore if they want their country to become a destination for investment

Singapore is a small country so I don't think that we will be getting the same results as them when it's applied to our respective countries, unless we start now like what Singapore is doing, we will be able to do the same probably.

more towards being an example of a country that is so supportive of the freedom of crypto growth, so it's true that we return to focus and build crypto fertility in our country and try to go beyond any policies that harm crypto lovers. Singapore deserves thumbs up and they know how important the existence of crypto is to continue to be developed and provide a good space for every crypto enthusiast in their country.

[Renampun]

...

Singapore is well-known as a country that is friendly to blockchain technology and cryptocurrencies...

Besides that, Singapore also has an easy bureaucracy, unlike in my country, Indonesia. This is the reason why many investors prefer to invest in Singapore than other countries in Southeast Asia.

[Xinarae*]

With the rise of blockchain technology singapore is moving much closer to crypto they are trying to increase the use of crypto and the amount of investment that will further expand crypto singapore's large population is circulating the currency through a kind of ultra secure network. No one is a policy maker everyone is equal just a node in the network this coin will go from buyer to seller directly without any intermediary in a safe and secure way.

[semobo]

Singapore is one of the countries which is wealthy enough and considered to be one of the business centres in this world so Singapore makes more and more money by letting people from other countries to invest there that is why they are trying to legalize it instead of banning it. But you no need to go to Singapore to create a project because where the cost of living is too high and not many people can get visa to enter there.

Just create a project from where you are and list it on a decentralized project or any other well known exchange!

[boyptc]

Singapore is known for its support not just with crypto related companies but its entire support for businesses.

That's no doubt why a lot of companies are choosing Singapore as their base and where they're getting licenses to operate because it's a startup and business friendly country.

[BADecker]

Why is Singapore so popular?


Good and reasonable laws + strict and harsh punishment for anybody breaking the laws.

[virasog]

After banning exchanges and cryptocurrencies in many countries, most people go to Singapore to register for Singapore foundations, because Singaporean supports ICO issuance, complete follow-up services, and cost-effective. For example, currency and Litecoin are all issued in Singapore of.
Advantages of registering in Singapore:
1. The government supports the development of blockchain and the policy environment is good
2. The market is mature and the follow-up legal services are perfect
3. Excellent and well-known projects are also in Singapore, such as Litecoin and Quantum Chain
4. Reasonable price and high cost performance
5. The local lawyers of Xinjiapi 158 can provide specific 4331-related legal opinions to prove the legality of the project based on the needs of the 6917 project party.

Not only Singapore but also United Arab Emirates (Dubai) supports crypto currencies and people can easily launch crypto projects from these countries. In many other parts of the world where the legal status of crypto is unknown, it is not very easy to launch crypto projects so individual/companies tend to launch their projects from these countries.

[notasimp]

Why is Singapore so popular?


Good and reasonable laws + strict and harsh punishment for anybody breaking the laws.

I think the reasonable part is pretty easy to explain.

The US has juries. Juries decide stupid things for stupid reasons.
Singapore has no juries. Our judges decide.

Like the US, cases can be escalated (all the way up to our equivalent of the Supreme Court) if the parties are not content with the judges' decision.

[dortheamangum]

Singapore is one of the favourites among the crypto enthusiasts as the government is very open to decentralised currencies . The financial laws are very business friendly unlike many other countries and that's why most of the cryptocurrency businesses are getting set up over there.

[DrWho42]

iirc william gibson wrote an essay on singapore