An analysis by blockchain intelligence firm TRM Labs issued on Dec 12 noted that this could be due to the global nature of the digital asset ecosystems in these four jurisdictions.
The global crypto policy review and outlook said that Singapore and the other three places already have more developed digital payment landscapes.
In terms of crypto adoption, the report said Singapore ranks 75th, behind Hong Kong's 42nd spot, the UAE's 61st rank, and Switzerland's 60th position. India was top in crypto adoption, followed by Indonesia, out of more than 150 jurisdictions.
This story is from the December 13, 2024 edition of The Straits Times.
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This story is from the December 13, 2024 edition of The Straits Times.
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