Singapore Could Be The First Country To Embrace Bitcoin

One of the most prominent names in the whole cryptocurrency ecosystem has recently shared on CNBC’s Squawk Box segment last July 30 that Singapore is might be on its way to become the first country to embrace Bitcoin fully.

Anthony Pampliano, Co-founder of Morgan Creek Digital said that the country’s proactive stance on regulation could leave the rest of the world racing to catch up.

According to the popular bitcoin bull Singapore is providing the right type of regulation signaling to companies that it will give clarity in the space and it want these companies doing business in their jurisdiction.

He added that it was so because Singapore wants innovation and it wants entrepreneurs to come in the country which in turn could help the City State economically.

Pampliano’s assessment was spot-on as the little City State has become a model country that other countries can emulate and where authorities give fintech innovators more room to maneuver and support through state sponsored implementations of blockchain initiatives.