With 20,000 attendees lining up their lambos for Token Week this week, pitching everything from “next-gen blockchain” to “totally legit” token launches, the government has issued a stern warning, cracking down on dubious projects trying to pass as revolutionary tech.
While Singapore remains a hub for crypto innovation, the government isn’t buying into the hopium that a cleverly named memecoin with no utility is the future of finance. Sorry, folks - if it walks like a Ponzi and talks like a Ponzi, it’s not innovation.
