Singapore’s central bank: blockchain is “fundamental” in financial services sector

Zheping Huang on the South China Morning Post explains that there were 57 blockchain-based projects in Singapore in the second quarter of 2018. They raised a total of $ 574,8 million through ICOs.
Singapore has become a global cryptocurrency hub as world’s largest ethereum wallet moves in, also taking advantage of Chinese distrust on the item. Recently, Singapore’s central bank has partnered with the local stock exchange and with three technology companies to develop digital tokens through blockchain platforms.