The regulation of cryptocurrencies varies considerably across the globe: China has cracked down on significant amounts of crypto activity in recent months, while Japan only recently allowed specialized cryptocurrency investment funds. El Salvador on the other hand has accepted Bitcoin as legal currency. As financial centers throughout the world seek to regulate the sector, Singapore is aiming to establish itself as the globe's capital for crypto-related enterprises. According to Ravi Menon, the Managing Director of the Monetary Authority (MAS) of Singapore, the city-state might have been left behind had it not gotten a head start on how to deal with …