Ethereum ( ETH) founder Vitalic Buterineexpressed concern about Singapore’s crypto regulations.
In these periods when the crypto bear market was intense, regulations and inspections were on the agenda. Specifically, the popular cryptocurrency exchange of FTX The collapse led companies that provide stock exchange services to the principle of transparency. The increased adoption of cryptocurrencies has also made the bad players of crypto hungry. In this process, the biggest mass that suffered was the investors. The pessimism created by the recent decline has increased the calls for regulations. Finally Singaporewants to have a large share in the developing ecosystem.
Vitalik Buterin Touches Singapore’s Ambition
Ethereum ( ETH) platform co-founder Vitalic Buterinecriticized Singapore’s ambition to become a hub for digital assets.
Singapore, cryptocurrencies and blockchain made important strides in These studies of the country are carried out in an effort to become the center of new technology.
Referring to these initiatives of Singapore Buterine mentioned that cryptocurrencies and blockchain coexistence cannot be broken. Buterin stated that the willingness to make a distinction between blockchain and cryptocurrencies will hurt the industry.
Country Management, blockchainWhile accelerating its initiatives, it also maintains its skeptical approach to cryptocurrencies.
