PANews reported on April 8 that according to the Straits Times, Singapore's cryptocurrency holding rate will reach 26% in 2024, up from 24.4% in the previous year. Generation Z and millennials (16 to 44 years old) are the main users, of which about 40% hold crypto assets, and more than half are used for online shopping and payment. Nearly 67% of users said they will increase the frequency of using crypto payments in the future. According to Triple-A survey data, the main advantages of using crypto payments include global acceptance, transaction speed and cost advantages. However, users generally worry about the complexity and security of use. At the same time, Singapore's Web3 companies have strong recruitment demand, and MAS has issued 29 digital payment token licenses.