Monetary Authority of Singapore Managing Director: Singapore hopes to become a center for blockchain finance

ChainCatcher news, according to CNBC, Ravi Menon, Managing Director of the Monetary Authority of Singapore, stated at the Singapore FinTech Festival that Singapore aims to become a hub for digital assets, rather than for trading and speculating on cryptocurrencies. Singapore has demonstrated its recognition of blockchain technology and has initiated various projects, such as Project Ubin and Project Guardian, which test the application of blockchain in financial services. (CNBC)