Why are there so many virtual currencies in Singapore

1. This is just a digital currency. Now digital currency trading is not particularly standardized. I suggest you be cautious.

2. That is to say, the monthly salary is about NT $2000, which is generally more than 1000, but it is not impossible to be 2000
but the cost of living is also high. In foreign countries, you can't change foreign currency into RMB to see how much you earn
this is just the monthly wage of two or three thousand in China, which is not very high

3. At present, customers who do blockchain projects will be the main body of the project through registered foundations. Why do they all register foundations in Singapore? Firstly, the cost performance is high, and the Singapore market is relatively mature, and there are many project parties. Many well-known currencies are registered in Singapore. Secondly, they can provide perfect legal services in the later stage
how much does it cost to register the Singapore foundation
at present, there are two packages for Singapore foundation registration in the market, one is simple Singapore foundation registration, the other is compliance Singapore foundation registration. What's the difference between the two
1. Simple foundation registration: the registration process is simple, the documents are not complete, and it is proced in China
2. Registration of compliance Foundation: the registration process is compliant, the documents are complete and guaranteed by lawyers, the documents are issued by the Singapore registration authority, and the lawyers apply for and issue them to China
if you make a blockchain ICO only for investment, no matter which one you register, it will not affect you, but you need to issue money to the exchange later. As far as we know, some well-known exchanges will need relevant legal compliance opinions. Different packages of registration directly affect the price of later legal opinions
the registered foundation is a simple foundation. Due to the incomplete documents, lawyers bear high risks and the price of legal opinions is very expensive
the compliance foundation is registered in the early stage, and the price is much cheaper when the legal opinion is needed in the later stage.

4. Singapore has banknotes with a face value of 10, 000, 000, but you rarely have a chance to see them on the market. Even if it's 100 Singapore dollars, few people use it (mainly for any expenses over 100 yuan. Most Singaporeans pay by credit card). Most people use 10 yuan or 50 yuan.

5. Singapore dollar (SGD) is the basic unit of legal tender in Singapore, marked by S $. One "Yuan" is subdivided into 100 "Fen". Reason: Singapore declared independence on August 9, 1965, and established the Republic on December 22, 1965, but still used the Malayan dollar. The legal exchange rate is rm8.5142 equal to 1 pound and rm3.06122 equal to 1 US dollar. On June 12, 1967, the original joint "Monetary Fund Committee" stopped issuing Malaya currency, and the Singapore government issued its own Singapore dollar to replace the Malaya dollar, which is equivalent to the Malaya dollar. On November 18 of the same year, the pound depreciated, and on November 19, Singapore announced that the gold content of the Singapore dollar remained unchanged. After the depreciation of the US dollar on December 18, 1971, the gold content of the Singapore dollar remained unchanged. On June 23, 1972, after the floating of the pound, the Singapore dollar was no longer pegged to the pound, but pegged to the US dollar. On June 20, 1973, Singapore adopted the floating real exchange rate system. Fundamental reason: Singapore's economy is traditionally dominated by commerce, including entrepot trade, processing export, shipping, etc. it is the largest seaport, important commercial city and entrepot trade center in Southeast Asia, as well as an international financial center and an important aviation center. After independence, Singapore's economic development has attracted people's attention and is known as one of the four little dragons in Asia. Tourism is one of the pillar instries of Singapore's economy (three pillar instries: international trade, processing instry and Tourism). After independence, the government adhered to the policy of free economy, vigorously attracted foreign investment and developed diversified economy. Since the early 1980s, we have accelerated the development of capital intensive and high value-added emerging instries, vigorously invested in infrastructure construction, and strived to attract foreign investment with the most favorable business environment. With the manufacturing and service instries as the twin engines of economic growth, we have continuously improved the instrial structure. In the 1990s, we paid special attention to the information instry and invested in the construction of "Singapore Integrated Network" in the whole island. In order to further promote economic growth, vigorously implement the "regional economic development strategy", accelerate overseas investment, and actively carry out economic activities abroad. The economy is dominated by five major sectors: Commerce, manufacturing, construction, finance, transportation and communications. Instry mainly includes manufacturing and construction. Manufacturing procts mainly include electronic procts, chemical and chemical procts, machinery and equipment, transportation equipment, petroleum procts, oil refining and other sectors. It is the third largest oil refining center in the world. Agriculture accounts for less than 1% of the national economy, mainly including poultry raising and aquaculture. All grain is imported, and only 5% of vegetables are proced by themselves. Most of them are imported from Malaysia, China, Indonesia and Australia. Service instry is the leading instry of economic growth. Including retail and wholesale trade, hotel tourism, transportation and telecommunications, financial services, business services, etc. Tourism is one of the main sources of foreign exchange income. The main scenic spots are Sentosa Island, botanical garden, night zoo, etc#~~

6. Generally speaking, Singaporeans only need to bring NT $100 or less when they go shopping. Ten thousand is seldom used by people.

7. According to the current real-time exchange rate: 1 SGD = 4.9689 RMB, the transaction price is subject to the bank counter.

8. Purchasing power parity is measured by gross national proct and average.

9. That's because Singapore's national reserve is high, ranking among the top ten in the world in terms of per capita. Although China's total reserve is the highest in the world, it is not high in terms of per capita. Therefore, the value of Singapore dollar is higher than that of RMB.

10. As long as the currency is devalued, it is called financial war and currency war. 71 years ago, the Bretton Woods system was not devalued because it was bound with gold