Bessent Commends Singapore’s Leadership at APEC Summit
At the APEC Summit in South Korea, U.S. Treasury Secretary Scott Bessent applauded Singapore’s proactive approach to regulating digital assets and stablecoins, calling it a global model for secure and responsible financial innovation.
Bessent met with Singapore’s Prime Minister Lawrence Wong to discuss strategies for expanding digital finance adoption across Asia and beyond. He emphasized that having a forward-thinking regulatory framework is essential to encourage innovation while protecting financial systems from potential risks.
The discussions highlighted Singapore’s success in balancing innovation with regulation — a stance that continues to attract fintech companies and investors seeking clarity and stability in the digital asset space.
Bitcoin Turns 17 Amid Market Volatility
Meanwhile, the Bitcoin white paper, written by the pseudonymous Satoshi Nakamoto, marked its 17th anniversary. The milestone comes as Bitcoin faces a challenging market phase, closing its first red October in seven years — a notable shift for the world’s largest cryptocurrency.
In corporate developments, Michael Saylor, chairman of Strategy, commented on the company’s approach toward potential acquisitions of other Bitcoin-holding firms. Despite keeping future opportunities open, Saylor said the current focus remains on selling digital credit, strengthening the balance sheet, and increasing Bitcoin holdings.
Strategy’s CEO added that mergers and acquisitions in the software sector — the company’s core business — remain complex under current market conditions, further underscoring the cautious stance.
As global regulators push for clearer frameworks and companies navigate market uncertainty, the digital finance landscape continues to evolve rapidly — with Singapore’s model offering a glimpse into what a secure, innovation-friendly future could look like.
