Even though many countries are interested in, and indeed are pursuing, the creation of national state-run virtual currencies, Singapore isn’t one of them.
The digital currency revolution is here, and it’s not just reserved for Bitcoin and other decentralized cryptocurrencies. More and more countries are exploring the benefits of having a cashless society.
Sweden has previously voiced their desire to investigate the development of an e-krona, Israel is looking into creating a digital shekel, while Russia could soon develop their CryptoRuble. Venezuela also seems to be well on its way to issuing their Petro, even though the legality thereof is up for discussion.