Singapore retains lead in Asia for crypto readiness

Globally, Singapore ranked 5th.

Singapore remains the highest-ranking Asian market in the world’s most crypto-ready cities list, ranking 5th.

Singapore received a crypto-ready score of 72.23.

“Its well-thought-out strategy which is a combination of rules and regulations to protect and encourage innovation, has made it a popular place for crypto companies,” Coinwire stated.

“The Monetary Authority of Singapore (MAS) has been actively creating regulations to help crypto businesses while still allowing innovation to thrive,” Coinwire added.

Singapore was also amongst the top 10 cities with the most crypto ATMs (7th), with 537, translating to a score of 29.67. 

It also ranked second amongst cities with the best crypto employment opportunities, with a score of 100.00.

“Despite the hurdles of regulation, Singapore managed to attain a score of 98.57/100 in the crypto job market, demonstrating its strength. This is evident in the city's active trading community, as well as its competition with other financial hubs in Asia for crypto talent, resulting in a high employment score,” Coinwire said.