The Intellectual Property Office of Singapore announced a Fintech Fast Track initiative which allows startups of the sector to receive patents faster. From now on, it will take six months instead of two years.
The reason for such a move is a growing demand for FinTech solutions, including cryptocurrency and blockchain. Besides, Singapore was recognized as one of the world’s largest FinTech hubs according to Deloitte’s study. So it may be pretty much an attempt to improve that position.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/singapore-fintech-patent-initiative/
