Singapore’s well-meaning attempt at crypto regulation may not work out, given its skeptical approach to the asset class, Ethereum co-founder Vitalik Buterin said in an interview with The Straits Times on Nov. 20.

Buterin said he appreciates the city-state’s willingness to be supportive, but it could all be for nothing.

“I definitely appreciate the amount of effort that they have been putting into it, and just their willingness to explore many different kinds of applications and be supportive,”

(By Monika Ghosh)