Singapore wants to become the first fully encrypted country

Singapore is increasingly closer to adopting measures for the introduction of cryptocurrencies into the economy. Mainly thanks to government action and financial regulators activity,  this could turn the Island city-state into the first country to fully embrace cryptocurrencies.
The Independent correspondent in Asia reports that, within the cryptographic sector, it is possible made a clear discrimination between different types of cryptocurrencies: utility tokens, payment tokens, and security tokens.
In this special competition there are also nations such as Malta and Colombia (where recently President Ivan Duque announced his support towards cryptocurrencies at the International Congress on Information and Communication Technologies). Furthermore, the Colombian government has decided not to tax cryptocurrency companies for five years.