Singapore has allocated SGD 2 billion in its 2024 fiscal budget to strengthen its digital economy. This funding will be used for financial innovation and the integration of digital assets, marking a significant push towards the digital economy. Deputy Prime Minister and Minister for Finance, Heng Swee Keat, announced this decision in the budget statement. Hassan Ahmed, the National Director of COINBASE Singapore, stated that this investment reaffirms Singapore's position as a leading digital progressive economy, particularly in the promising field of stablecoin finance.

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<p>According to Cryptonews, Singapore's Deputy Prime Minister and Minister of Finance, Heng Swee Keat, announced the budget statement for the country's fiscal year 2024, allocating SGD 2 billion to strengthen its digital economy. This move signifies a significant push for financial innovation and the integration of digital assets.</p>
<p>Hassan Ahmed, the National Director of Coinbase Singapore, stated, "The injection of SGD 2 billion into the FSDF reaffirms Singapore's position as a digital progressive economy. Particularly, there are vast prospects in the field of stablecoin finance."</p>
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Singapore's FY2024 budget invests 2 billion SGD to strengthen the digital economy