SINGAPORE — Cryptocurrency appears to have lost its luster against its Western counterparts among investors in Singapore amid volatile markets and a tough stance on the asset class by the city-state's authorities, a survey released Tuesday showed.
Cryptocurrency ownership in Singapore has fallen to 26% in 2024 from 30% in a previous survey in 2022, according to a study commissioned by New York-based Gemini cryptocurrency and conducted online by Data Driven Consulting Group.