Singapore has become more conservative towards cryptocurrency since FTX’s collapse, but it remains a crypto-friendly country overall. According to Changpeng ‘CZ’ Zhao, CEO of Binance digital-asset exchange, Singapore’s approach towards crypto has become more cautious, but it still welcomes blockchain-related initiatives. Singapore is known for its favorable regulatory climate, which has helped attract many cryptocurrency firms to operate in the country. Despite the challenges, Singapore remains committed to developing the crypto industry and has set up a Crypto Associations network to help regulate the industry and build awareness among the general public.