Singapore’s central bank has told “several” digital payments service providers that they will be granted licences to operate in the city state, in a move analysts say cements its status as Asia’s leading crypto-financial hub. Jason Davis, an associate professor of entrepreneurship and family enterprise at Insead, said it was a “careful next step” into a new category of financial innovation. Grace Chong, a lawyer from Simmons & Simmons who advises institutions on regulatory and fintech matters in Singapore, said the development was timely. “Technological change is upending finance and we are seeing strong institutional interest in digital assets,” she...