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Topic: Singapore will not ban cryptocurrency - page 5. (Read 1703 times)

hero member
Activity: 2324
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March 02, 2018, 09:07:02 PM
#64
AFAIK, there's a big exchange or well known crypto related business that is based on Singapore.
And that means this is good news although months has passed since this news has been published.
I'm not going to get tired of reading this type of news rather than reading about bad news and FUD about banning bitcoin in different countries.
hero member
Activity: 2870
Merit: 594
March 02, 2018, 06:28:45 PM
#63
I think in the absence of a ban on bitcoin in Singapore is certainly a positive thing for bitcoin growth in Asia, we even know if Singapore is a country with great potential to legalize bitcoin, because Singapore is a country that has rapid economic progress among other countries in Southeast Asia

What do you mean rapid economic progress? Singapore is already on top in Asia way ahead of its neighbors and are now at the feet of superpowers Japan, China and South Korea. So it will be really welcoming to the region if Singapore will joined the boat as well.

And with its young population and pure IT centric companies around, tapping crypto's and blockchain will be another step towards Singapore legitimizing itself as of the IT hubs not just in Asia but in the world. And again, I wouldn't be really surprised by all of this news about Singapore at least they have good leaders who truly look upon the future and will do anything that will contribute to make their country one of the superpowers in Asia.
newbie
Activity: 156
Merit: 0
March 02, 2018, 08:49:38 AM
#62
I think in the absence of a ban on bitcoin in Singapore is certainly a positive thing for bitcoin growth in Asia, we even know if Singapore is a country with great potential to legalize bitcoin, because Singapore is a country that has rapid economic progress among other countries in Southeast Asia
hero member
Activity: 1246
Merit: 588
March 02, 2018, 07:41:01 AM
#61

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.

Good for them. Singapore is one of the richest and fastest growing economies of Asia. And it will be retarded for them to ban crypto-currency and other new technology. I am glad that they have realized this. May be now they will witness an inflow of Chinese Bitcoin users to their country.

It is not just actually good for them, might as well for us. Since as you have stated that Singapore is one of the richest country in Asia. They will surely give a huge boost to Cryptocurrency's growth. I am now expecting projects from them that benefits as all like what Japan is currently doing
legendary
Activity: 3346
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March 02, 2018, 12:21:48 AM
#60

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.

Good for them. Singapore is one of the richest and fastest growing economies of Asia. And it will be retarded for them to ban crypto-currency and other new technology. I am glad that they have realized this. May be now they will witness an inflow of Chinese Bitcoin users to their country.
full member
Activity: 630
Merit: 103
March 01, 2018, 11:23:35 PM
#59
Can you please post the link here
Basically when there are news like this I'm googling it alone to verify if there's a real news behind it and these are the few articles that I found.

Singapore Confirms It Will Not ‘Ban’ Cryptocurrency, Has No ‘Risk Concerns’

Singapore says no strong case to ban cryptocurrency trading

So therefore it is true that they will 100% to adopt and legalize Bitcoin and other digital currencies, this is a brilliant move in order to enjoy the every opportunity that Bitcoin can give to the country. For me, I can't see the reason why some countries are afraid of Bitcoin to exist to think there is regulation to take care of everything so that Bitcoin will be use safely. Maybe the other countries are so blind to see the difference between investments or they are just blinded by their pride and patriotism.
sr. member
Activity: 714
Merit: 254
March 01, 2018, 09:09:41 PM
#58
I just believe that in some other countries in Asia will really consider the crypto currency as well as deepening blockchain technology to be acceptable and well responded to. And I'm still believe that the crypto will be more directed towards a more positively and can be support to the advance of the country also the country that's can acceptance of the crypto., would be highly regarded in front of other countries.

But about that, it will either lead on it or not., I just try to ensure a something that I really expecting it. Roll Eyes
Singapore is one of the country who really loves cryptocurrency and just like here in our country they were also open for this kind of innovation. For sure they will not ban bitcoin just because others are they do have their own research and conduct their understanding to a conclusion.
full member
Activity: 546
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★Bitvest.io★ Play Plinko or Invest!
March 01, 2018, 05:28:20 AM
#57
I just believe that in some other countries in Asia will really consider the crypto currency as well as deepening blockchain technology to be acceptable and well responded to. And I'm still believe that the crypto will be more directed towards a more positively and can be support to the advance of the country also the country that's can acceptance of the crypto., would be highly regarded in front of other countries.

But about that, it will either lead on it or not., I just try to ensure a something that I really expecting it. Roll Eyes
sr. member
Activity: 2422
Merit: 357
February 26, 2018, 05:52:23 PM
#56
Its good to hear news like this one. Id rather choose to open a thread like this rather than those post pertaining to countries who ban bitcoin. We should more focus on the positive side so it will become reciprocal. There are a lot portion in this world in favor of bitcoin than not. Let us all hope that leaders on that country will saw the progress in Singapore ,Japan and others and withdraw their decision. Cryptocurrency for all.
full member
Activity: 476
Merit: 100
February 26, 2018, 08:45:47 AM
#55
Singapore is really supportive at all. I always see advertisement on businesses focusing on cryptocurrency services. They are one the countries that are going to the top because they aren't afraid to try innovations that could disrupt the old system.
full member
Activity: 266
Merit: 105
February 26, 2018, 06:05:36 AM
#54
A country with a strong economy and a big market just like singapore deciding not to ban bitcoin is a good sign for us that there will be a first world country that would gladly accept this new currency or securities.
It is true, bitcoin was not banned in Singapore country but there's an attempts to do this. However Deputy Prime Minister of Singapore Tharman Shanmugaratnam said the the following: (Please refer the link below)
http://www.mas.gov.sg/News-and-Publications/Parliamentary-Replies/2018/Reply-to-Parliamentary-Question-on-banning-the-trading-of-bitcoin-currency-or-cryptocurrency.aspx

That was the replied of Deputy Prime Minister of Singapore, I hope leaders of South Korea and China will become open minded too. Because if they delete the banning system in their country there's a possibility that more opportunity will be open to many users.

I was looking forward with that and I believe all countries in ASIA will supports crypto currencies for the sake of growing up of their economy, because we cannot denied that digital currency were largely help to increase the economy income of each countries.
May during those times they are unsure what bitcoin can do to their economy but seeing a lot of advantage made them not to do it.
full member
Activity: 179
Merit: 106
February 26, 2018, 02:34:05 AM
#53
And the hearing of today in the US was positive on legit crypto, so nothing changed, quite the contrary. We are heading to EOY new ATH in everything, I'm quite sure
sr. member
Activity: 420
Merit: 282
February 26, 2018, 12:48:12 AM
#52
It is true, bitcoin was not banned in Singapore country but there's an attempts to do this. However Deputy Prime Minister of Singapore Tharman Shanmugaratnam said the the following: (Please refer the link below)
http://www.mas.gov.sg/News-and-Publications/Parliamentary-Replies/2018/Reply-to-Parliamentary-Question-on-banning-the-trading-of-bitcoin-currency-or-cryptocurrency.aspx

That was the replied of Deputy Prime Minister of Singapore, I hope leaders of South Korea and China will become open minded too. Because if they delete the banning system in their country there's a possibility that more opportunity will be open to many users.

I was looking forward with that and I believe all countries in ASIA will supports crypto currencies for the sake of growing up of their economy, because we cannot denied that digital currency were largely help to increase the economy income of each countries.
newbie
Activity: 177
Merit: 0
February 25, 2018, 10:33:58 PM
#51
 
This represents a big win for the crypto world as this is exactly what we need to push forward, governmental support and acceptance is very crucial to the success of cryptocurrency, in fact, the PM acknowledged that pose no potential risks to the key operations of the country.
sr. member
Activity: 798
Merit: 268
February 25, 2018, 05:51:12 PM
#50
Singapore is a place to live for crypto lovers!  Cool

Yep, i heard cryptocurrency there are doing well and a lot of good project will come from singapore soon. This is a good news that everyone will enjoy. I hope bigger countries will adopt this kind of technology so we can expect a brighter future ahead.
newbie
Activity: 42
Merit: 0
February 25, 2018, 03:09:28 PM
#49
Singapore is a place to live for crypto lovers!  Cool
sr. member
Activity: 454
Merit: 252
February 25, 2018, 08:36:25 AM
#48
This news is very good for all of us. Crypto money market is constantly improving. Singapore made a very logical decision. I think in the coming years China will remove the bitcoin ban. I think the currency of our future will be bitcoin  Smiley
member
Activity: 122
Merit: 15
Long Live BTC
February 22, 2018, 04:22:23 AM
#47
It's a good news that there are countries who gives support and believe in cryptocurrency, a continued support will make the industry even more progressive. Cryptocurrency in general would really benefit and become successful having a country and government to runnits platform.
jr. member
Activity: 168
Merit: 3
February 21, 2018, 02:24:33 PM
#46

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.
Oyy it is very good for market. I am sure that in Ukraine we will use this system too. I am believe in this system and a am sure that it will develop every day. And country that banned crypto will have trouble in furute.
newbie
Activity: 252
Merit: 0
February 21, 2018, 09:17:40 AM
#45
it is good news for market,so may country ban crypto,it is necessary more country as singapore allow crypto use in their country
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