From the outside Singapore is kind of weird. Being pro-business they claim being a crypto-hub which is a nice way to call total shitcoinerie with so many bad actors from the last cycle being from there. Like the accredited investor laws, only letting rich people get into the space is another way to give them access to the most rewarding investments. The removal of the bitcoin ATM was the icing on the cake in a country where the poorest of the poorest line up for hours to play the national lottery. Very little chance for them to win any money but it doesn't seem to be a problem for the government to take all of it, dollar cost averaging into bitcoin would have done them so much better but go figure it is apparently too risky