US Treasury Secretary praises Singapore’s digital asset adoption at APEC
US Treasury Secretary Scott Bessent commended Singapore's leadership in digital asset and stablecoin adoption during the APEC 2025 summit.Summary
During the APEC 2025 summit in Gyeongju, South Korea, US Treasury Secretary Scott Bessent met with Prime Minister Lawrence Wong and praised Singapore's leadership in adopting stablecoins and digital assets. Bessent also noted to APEC leaders that US engagement is resulting in record capital investment in advanced manufacturing and technology sectors across APEC economies. Singapore has established itself as a major global hub for digital asset innovation, evidenced by a significant increase in cryptocurrency licenses granted in 2024 and leading global rankings in Web3 employment and patent filings. Despite its innovative approach, Singapore maintains strict regulations, requiring crypto firms serving overseas clients to be licensed or exit the country, as directed by the Monetary Authority of Singapore (MAS).
(Source：Cointelegraph)