Gemini Summarized:
This is a document about Singapore's rise as a crypto hub. It discusses the country's crypto-friendly regulations and the doubling of licenses issued in 2024. Singapore's risk-adjusted approach to crypto regulation and ease of interaction with local banking partners are key factors in its success. The country is home to 1,600 blockchain patents, 2,433 industry-related jobs and 81 crypto exchanges. Singapore issued 13 MPI crypto licenses in 2024, more than twice as many as in 2023. These licenses may further solidify Singapore's status as a global blockchain leader.
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