Kebijakan Strategis Singapura Dalam Penetapan Crypto Hub Global

Abstract

In 2022, Ravi Menon, managing director of Singapore's central bank and financial regulatory authority, Ravi Menon, stated Singapore's objective to become a global Crypto Hub. As part of Singapore's strategy to become the center of the world's crypto industry, MAS created Project Guardian, which is a regulatory sandbox cooperation initiative between MAS, financial regulators of other countries and multinational companies to test crypto technology. This paper uses a qualitative method with secondary data collection techniques through a literature review and official MAS documents. The author uses a neo-liberal perspective and complex interdependence theory to analyze Singapore's strategic policies to become a global crypto hub. The writing is an analysis of Project Guardian which shows that Singapore's political process is in accordance with the assumption of political processes in complex interdependence. The results of the study show that the three characteristics of complex interdependence are in Project Guardian and Singapore utilizes complex interdependence through agenda formation, issue linkage, and the role of international organizations such as the IMF to establish itself as a global crypto hub.