Singapore is testing out a digital Singapore dollar that would let government agencies, businesses and consumers transact a lot more easily.
Coinbase gets a license to provide regulated cryptocurrency services in Singapore. It's also letting Google Cloud customers pay with crypto.
The volatility of cryptocurrencies has been a distraction to the important uses the underlying blockchain technology can be developed for.
Singapore welcomes cryptocurrency firms but worries that high-risk investments in these digital assets may hurt retail investors.