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Singapore issued a budget statement for fiscal year 2024, planning to allocate S$2 billion to strengthen the digital economy

Singapore's Deputy Prime Minister and Finance Minister Heng Swee Keat presented the country's budget statement for the fiscal year 2024 in February. The budget proposes an allocation of 2 billion Singapore dollars to strengthen its digital economy, marking Singapore's strong push for financial innovation and integration of digital assets, sending a clear signal of incorporating digital assets into its economic framework.

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