Makes sense. Singapore is very proactive in developing its CBDC.

Glad that SG has left imprints on your heart nevertheless!

cryotosensei

Thanks for the nice words. Am in Hong Kong now, still missing SG, haha! Hit me up if you ever come up here, can catch up for a drink.

Your blog is quite interesting, and to be honest (probably you already know this), the situation in HK is exactly the same. I got a more cynical take on this, which is, the banking industry (which is a major revenue generator and employer in both) got a massive choke hold on the 

 (basically, the political class) to perpetuate their role as the sole gatekeeper of capital allocation and savings. Regulators are happy to play ball because they see Bitcoin as much as a threat to 

 livelihood as to the banks. Hence...you get the status quo.

You see this in the US too, for similar reason, New York State is the on of the laggards in Bitcoin adoption, and more Bitcoin economies are growing in Arizona, Texas to Florida.

Construction_and_Engineering

Condo Life in Singapore

Thanks for the nice words. Am in Hong Kong now, still missing SG, haha! Hit me up if you ever come up here, can catch up for a drink. 

Your blog is quite interesting, and to be honest (probably you already know this), the situation in HK is exactly the same. I got a more cynical take on this, which is, the banking industry (which is a major revenue generator and employer in both) got a massive choke hold on the _regulators_ (basically, the political class) to perpetuate their role as the sole gatekeeper of capital allocation and savings. Regulators are happy to play ball because they see Bitcoin as much as a threat to _their_ livelihood as to the banks. Hence...you get the status quo. 

You see this in the US too, for similar reason, New York State is the on of the laggards in Bitcoin adoption, and more Bitcoin economies are growing in Arizona, Texas to Florida. 