Global Investor Group - March 14, 2022
Ganesh Iyer, Chief Marketing and Strategy Officer, IPC Systems - Read the full article here
Digital adoption and innovation have taken a quantum leap at both the organisational and industry level. Both retail and institutional investors have moved dramatically towards online channels, and this has meant that businesses have had to adapt. The pandemic has only necessitated digital transformation, accelerating innovation in the digital assets space and increased adoption rates. Cryptocurrency trading is growing exponentially, and institutional firms seeking Alpha are increasingly prioritising Crypto trading.
In a contactless world, the vast majority of interactions with customers and employees must take place virtually. With rare exceptions, operating digitally is the only way to ensure business continuity and longevity. Although this mandate is nothing new, it has been brought into sharp focus. Prior to the pandemic, a paradigm shift towards digitisation of the economy was already underway. Singapore continues to emerge as a key cryptocurrency hub in Asia with its positive attitude towards cryptocurrencies and blockchain. Compared to many other APAC countries, Singapore has taken a more proactive approach to cryptocurrencies, with the 2021 Monetary Authority of Singapore’s (MAS) Payment Services (PS) Act providing a stable regulatory licensing and operating framework.
