Finally, a Central Player Recognizes the Benefits of Blockchain Technology!

Singapore’s head of the country’s central bank announced yesterday that he has hope that the blockchain technology will survive the coming market crash.

He stated, “I do hope when the fever has gone away, when the crash has happened, it will not undermine the much deeper, and more meaningful technology associated with digital currencies and blockchain.”

He also is helping to position Singapore as the global hub for fintech, adding that Singapore is also contemplating releasing a state cryptocurrency.

While this goes against the effort to decentralize, it is comforting to see that the movers and shakers in government are beginning to see the great benefits of blockchain technology.

Keep up the good fight, and keep on HODLing!

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As always, the information in this post is not investment or trading advice; the information held is an opinion piece on the subject matter, supported by linked references.