MarketOrders quoted in Finance Magnates on Fintech growing in Singapore

Our Co-Founder & COO, Sukhi Jutla, was recently quoted in Finance Magnates article ‘Crypto Country: Singapore’s Bid to Become Fintech’s Largest Hub’.
The journalist, Rachel McIntosh, wrote:
Sukhi Jutla, chief operating officer of blockchain-based gold jewelry platform MarketOrders, said that the passage of the PSA is part of Singapore’s bid to “position itself as the go-to place for the Fintech community.”
“Singapore has long been a leader in terms of business on the world stage making it the most competitive Asian country and the world’s easiest place to do business,” Jutla explained. “Singapore benefits from its strategic location by being a leading port for those looking to enter Asian markets and also has a pro-business environment.”
Now, the country seems to be attempting to follow in the footsteps of “countries such as Malta, Switzerland and Gibraltar,” which “have been leading the way by providing clear regulations,” and, in some cases, “driving direct inward foreign investment.”
Sukhi Jutla noted that because “Binance is very influential in the crypto scene and is seen as a company trying to do the right things by abiding by relevant legislation,” its quick and public compliance with the PSA “is a vote of confidence from Binance in the Singaporean Fintech landscape as a welcoming place to do business.”
Sukhi Jutla also pointed out that “Singapore defining clearer legislation for the crypto scene is an indication that even successful and wealthy countries such as [itself] are anticipating that Fintech and crypto will become an increasingly larger part of consumers lives.
Therefore, “it only makes sense to embrace new technologies whilst they are still young.”
You can read the full article here.