Global financial hub Singapore is developing into a metropolis of cryptocurrencies. Several companies, especially from China, are crowding the city-state.
(Photo: Unsplash)
Bangkok Changpeng Zhao, the founder of the world’s largest crypto exchange Binance, has problems in several countries: the British financial regulator largely banned his company’s operations a few weeks ago. In Germany, BaFin warned Binance. Binance is also in the eye of authorities in the United States and Japan.
But Zhao isn’t everywhere angry with his platform, which had more than $600 billion in trading volume in the past month alone.
Chinese-born entrepreneur with Canadian passport is very welcome in Singapore: “Singapore is beautiful and crypto-friendly,” wrote Zhao Twitter And sent a video of a 40-metre-high artificial waterfall at Changi Airport in Singapore to its 3 million followers. “Whoever embraces innovation wins,” Zhao said, referring to his adopted home.
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Sally Morgan is a contributor at Sproutwired.com, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Sally is committed to presenting stories in an accessible and engaging way, with an emphasis on accuracy, relevance, and issues that matter to everyday readers across Australia and beyond.
