Both Singapore and the UAE have enacted comprehensive digital asset laws that cover licensing, custody, stablecoin issuance, and exchange oversight. The UAE's VARA, established in 2022, was the world's first dedicated virtual asset regulator. Singapore's MAS has granted over a dozen digital payment token licenses under its Payment Services Act. DCG's warning frames these regimes not as competitors but as benchmarks the U.S. is currently failing to meet.
• Digital Currency Group formally endorsed the Clarity Act, warning the U.S. Senate that regulatory ambiguity is pushing crypto capital to Singapore and the UAE.
• Bitcoin trades at $64,235 with 56.7% market dominance, reflecting capital rotation into BTC amid U.S. regulatory uncertainty.
• Singapore's Payment Services Act and the UAE's VARA are the benchmarks DCG cites as more attractive regulatory destinations for crypto builders.
• Bitcoin's circulating supply stands at 20.06 million, with 95.5% already mined, constraining available liquidity as long-term holders accumulate.