Topic: Singapore will not ban cryptocurrency (Read 1703 times)
One thing that goes with Singapore is that is a Information Technology hub for the in the last decades or more. So they are really inclined to adopt new technologies such as crypto. So they are going to attract entrepreneurs to make Singapore as their home based if indeed they are going to stay on embracing cryptos.
Bitcoin was accepted by Singapore because this country always support new technologies and implement in their country. People also support their government, that's why bitcoin is legalised in Singapore. Many ico's are also launched in this country successfully and many new projects are also developed. Singapore supports block chain technology and it is one of the payment method accepts in few shops.
I think all countries in Asia are also developing with technological progress. does anyone limit themselves to that? Let's think about China? we all know technology in this country is growing very fast.
but, to legalize or not ban cryptocurrency something different. there are regulations that must be regulated, and still do not interfere with existing financial regulations.
Bitcoin was accepted by Singapore because this country always support new technologies and implement in their country. People also support their government, that's why bitcoin is legalised in Singapore. Many ico's are also launched in this country successfully and many new projects are also developed. Singapore supports block chain technology and it is one of the payment method accepts in few shops.
Singaporeans are very well aware of the potential that exists in Crypto as the government facilitates bitcoin users, the effect is also the first big effect, the easier it is for entrepreneurs to do business in Singapore. The second effect is the increasing number of tourists who enter them. flowing the wheels of the economy with the number of business actors and foreign exchange coming in more and more causing the country's economy to go up. 
Bitcoin was accepted by Singapore because this country always support new technologies and implement in their country. People also support their government, that's why bitcoin is legalised in Singapore. Many ico's are also launched in this country successfully and many new projects are also developed. Singapore supports block chain technology and it is one of the payment method accepts in few shops.
Singapore's Prime Minister Tharman Shanmugaratnam said the country's government will "not ban" cryptocurrency.
In Asia, Japan and Singapore are the best markets for cryptocurrency and blockchain in recent years. In China, Vietnam, Indonesia banned bitcoin and the cryptocurrency market, Singapore was very active in developing Blockchain and cryptocurrency markets.
singapore received cripto currency because the technology and the country's financial system have been very supportive, while countries like Indonesia did not happen because the financial system has not been able to support the technology, maybe in the future that other countries will apply the technology of cryptocurrency.
such as japan, america and other developed countries.
Asian countries developing the blockchain platform rapidly in the order they want to expand their business to the next because of today many countries developing based one technology they are using and blockchain technology implement vast improvement in terms of economic growth.
I can definitely say it is a relief to have your airdrops platform headquartered in Singapore at a time like this.
One clarification: the Monetary Authority of Singapore singled out utility tokens as being except from regulations.
They DID NOT say that non-utility tokens will get off scot-free. The article indicates there may soon be a law on those.
One clarification: the Monetary Authority of Singapore singled out utility tokens as being except from regulations.
They DID NOT say that non-utility tokens will get off scot-free. The article indicates there may soon be a law on those.
Singapore's Prime Minister Tharman Shanmugaratnam said the country's government will "not ban" cryptocurrency.
In Asia, Japan and Singapore are the best markets for cryptocurrency and blockchain in recent years. In China, Vietnam, Indonesia banned bitcoin and the cryptocurrency market, Singapore was very active in developing Blockchain and cryptocurrency markets.
singapur and japan are examples of countries that legalize bitcoin and cryptocurrency so that many project projects developed by friends from neighboring countries were conducted in Singapur in collaboration with singapur companies such as Tokenomy and IGNIS
Singapore along with Japan and Switzerland are economic leaders and I think they know what they are doing supporting the blockchain.They can be set as an example.And other countries would like to learn something from them.You will see, in the near future they will show even higher results.Maybe then other countries will understand that they have chosen the wrong policy and still support blockchain technology.
Crypto currency is legalized in Singapore and we have too many good ICOs succeeded in the market. We have an example like; Surety io, Inmediate, Infinitive are from Singapore. Bitcoin is accepted as payment in few shops in Singapore. What else to say about. Singapore is one of the countries who accepted bitcoin and developed.
how to ban the crypt in this country. it's one of the many investors in crypto. so I think they'll protest if they can ban the crypto in the singapore nation.
as many investors are the springs so they really need the crypto. in fact they are starting to make their platforms. Let's take a look at the beautiful projects of singapore.
It also lead me to believed that Singapore will not be hostile towards crypto because there are ICO companies based on Singapore and when I scan icobench or icomark, I was surprised to see project headquarters on Singapore. They might have tougher laws on crypto but it doesn't mean that they are going to ban. And on October 26, they will be hosting Crypto Expo Asia. So they are really open and possibility wanted to attract ICO companies to established there so that they will become another crypto hub in Asia.
(https://cryptoexpo.asia/).
(https://www.prnewswire.com/news-releases/crypto-expo-2018-asia-promises-to-become-the-biggest-crypto-and-blockchain-expo-forum-in-singapore-300687556.html)
(https://cryptoexpo.asia/).
(https://www.prnewswire.com/news-releases/crypto-expo-2018-asia-promises-to-become-the-biggest-crypto-and-blockchain-expo-forum-in-singapore-300687556.html)
They will not ban it as they they but on the legality issue and matter they will be implementing some rules to regulate and monitor people with their earning from crypto since most people that into crypto are earning much more bigger than any regular staff working in company... That they need to pay tax soon...
Yes the singapore country is very supportive to cryptocurrencies. And it has opened the doors of crypto because they know the future and use of crypto currencies. Many countries now banned crypto but at the same time one country announced that it would not ban means its a very great news. So it makes other countries also think about the legalization. Because they know the bitcoin will be the future of money. The blockchain technology will be more useful for the economic growth of the country.
I'm agreed with you.
Singapore's Prime Minister Tharman Shanmugaratnam said the country's government will "not ban" cryptocurrency. Because they are well known about the benefit of crypto currencies. That's why they are giving more emphasis on it. For your consideration I'm telling you that bitcoin will be the future money. It has a fast growing trend.
In Asia, People from Japan, Malaysia, Singapore etc. are highly motivated about cryptos that's why they are investing there money on CryptoCap.
Singapore's Prime Minister Tharman Shanmugaratnam said the country's government will "not ban" cryptocurrency. Because they are well known about the benefit of crypto currencies. That's why they are giving more emphasis on it. For your consideration I'm telling you that bitcoin will be the future money. It has a fast growing trend.
In Asia, People from Japan, Malaysia, Singapore etc. are highly motivated about cryptos that's why they are investing there money on CryptoCap.
The Singapore government has no problem with crypto business and really glad to hear that Singapore government didn't ban crypto. it is a good news for everyone. Singapore also have a high demand on bitcoin.
Yes i also heard the news that Singapore will not ban cryptocurrency. The government announced that they opened the doors for cryptocurrency. Many countries now Malaysia, Denmark, Japan, Belarus are the most supportive for cryptocurrencies. In this list few more countries are also added. Singapore supports blockchain technology and they know the cryptocurrency will support the economic growth of the country.
TennisQ8,
You are absolutely right. I agreed with you. Singapore Government are not going to ban Cryptocurrency. Now a days in Asia like Singapore, Malaysia, Japan are most crypto growing country. People are investing on different cryptos they also sell and buy via crypto.
I can visualize myself that crytos will be future money over the world.
You are absolutely right. I agreed with you. Singapore Government are not going to ban Cryptocurrency. Now a days in Asia like Singapore, Malaysia, Japan are most crypto growing country. People are investing on different cryptos they also sell and buy via crypto.
I can visualize myself that crytos will be future money over the world.
That is logical. Singapore is like Asian Dubai - technological and progressive city which is made itself just in couple of decades. I think Singapore is going to be the place where crypto currencies will blossom.
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