Singapore's crypto ambitions shaken by FTX collapse:.

There was a time when it seemed as though Singapore would become a global centre for cryptocurrency. Authorities had signalled an early interest in harnessing blockchain technology. That, coupled with the city state's favourable business environment, attracted digital asset companies and a burgeoning community of investors. In 2021, investment in the industry in Singapore increased tenfold compared to the previous year to $1.48bn (APS1.2bn), according to KPMG, making up nearly half the Asia...