At the APEC 2025 summit, U.S. Treasury Secretary Scott Bessent lauded Singapore’s forward-thinking approach to digital asset integration during high-level discussions with Prime Minister Lawrence Wong. The meeting occurred as global leaders convened to address critical international issues including sustainable economic expansion, energy security frameworks, and technological innovation pathways.
Secretary Bessent specifically highlighted Singapore’s regulatory clarity and institutional adoption of digital currencies as exemplary models for other nations developing their own cryptocurrency frameworks. The Singaporean government’s measured approach to blockchain implementation and digital payment systems received particular recognition for balancing innovation with robust consumer protection measures.
This endorsement from the United States’ top financial official signals growing international consensus around structured digital asset adoption. The discussions formed part of broader APEC dialogues focused on harmonizing technological advancement with economic stability across member economies.
Singapore’s leadership in creating a conducive environment for digital finance while maintaining strong oversight mechanisms demonstrates how jurisdictions can embrace financial technology without compromising regulatory standards. The recognition from U.S. financial authorities underscores Singapore’s emerging role as a global benchmark for digital currency integration within traditional financial systems.
