Is Singapore a good place to invest in cryptocurrencies?

Could you elaborate on the potential of Singapore as a hub for cryptocurrency investments? Considering its reputation as a financial hub, its robust technology infrastructure, and the favorable regulatory framework for blockchain technologies, how viable is it to consider Singapore as a destination for cryptocurrency investments? Furthermore, are there any specific initiatives or policies by the government that encourage the adoption of digital assets? What about the community support and liquidity within Singapore's crypto ecosystem? Would these factors make Singapore an attractive place for crypto enthusiasts and investors alike?