The Central Bank of Singapore works with JPMorgan, DBS and Marketnode together to explore the potential of the DeFi sector. The so-called Project Guardian in particular, use cases of tokenization of assets should be examined. However, according to Deputy Prime Minister Heng Swee Keat, retail investors should not get involved in cryptocurrencies.
“But the ecosystem of digital assets includes a whole range of services that go beyond cryptocurrency trading”, so Keat in his opening speech of the Asia Tech x Singapore Summits. For a long time, Singapore was considered a friendly location for Bitcoin and co. Recently, however, the government has tightened its anti-crypto course.