Crypto craze: Digital assets gaining traction in Singapore

With cryptocurrencies hitting the headlines recently, what should investors take note of and what measures are governments taking?

PHOTO: AGENCE FRANCE-PRESSE

Singapore-based digital assets exchange Zipmex raised US$6 million (S$8 million) in its latest funding round in January, well above its target of US$4 million.

This was no fluke: The exchange raised US$1.9 million in a seed round in January 2019 and a further US$3 million in September that year.

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A version of this article appeared in the print edition of The Straits Times on March 29, 2021, with the headline 'Crypto craze: Digital assets gaining traction in Singapore'. Subscribe