Bitcoin Forum

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.

Can you please post the link here so that we can read everything about Singapore stance on bitcoin? Too lazy to search the web right now.  :). 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. And maybe we will see that they will become behind Japan as one of the prime movers. I would like to see them give incentives to ICO companies as well. Similar to what Belarus did, 5 years tax free, thus becoming a blockchain and crypto hub country.

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’ (https://cointelegraph.com/news/singapore-confirms-it-will-not-ban-cryptocurrency-has-no-risk-concerns)

Singapore says no strong case to ban cryptocurrency trading (https://www.reuters.com/article/uk-singapore-cryptocurrency/singapore-says-no-strong-case-to-ban-cryptocurrency-trading-idUSKBN1FQ06Z)

It is a good news for all of us who are really wanting this thing that the cryptocurrency will be fully adapt by all of the country all over the world, I hope that Singapore will also lists cryptocurrency in their market so that the demand will increase more and since Singapore is one of the influential country in Asia hoping that some country will do the same.

As I know Singapore not yet ban cryptocurrency. But I'm not sure their will positive not ban. I hope also Singapore will legalized cryptocurrency.
I sure cryptocurrency will moving fast in Singapore. In Singapore the transactions moving fast, so it will grow fast also.

Although the Singapore government has no problem with crypto business, the banks will not allow to open bank account for ICO startups. Besides, almost all the banks are not allowing crypto businesses to create account and make transactions. I think after the G20 summit when all the superpowers sit and decide on the global regulatory structure of ICO & cryptocurrency all of these uncertainties should come to an end.

It's very good news for the people who had inverse their money in bitcoin.Now the price is recovering may be due to this news.This is the positive news for the people in Singapore.Now the price of bitcoin  is raised 2000$ in two days due to the positive news.

I read the articles and based from my understanding, Singapore has yet to ban cryptocurrencies since they believe that it does not pose a threat to financial conditions at the moment. Though this may be conditional upon the cases against cryptos, as of the moment they see it as something that can be beneficial to the society while accepting the risks of it (i.e. losing all of your investments due to carelessness or due to being too confident).


This is definitely a good start to begin with considering that Singapore, a highly developed country, begins to view cryptocurrencies as something that bring no harm YET. Like you mentioned, Singapore is an influential country in Asia together with Japan and they may break the stigma of cryptocurrencies as a threat to the government and to the country. Though we cannot hide ourselves from the fact that the transactions are indeed anonymous, personally I believe that the advantages that it brings outweighs the disadvantages and implications.

Can you please post the link here so that we can read everything about Singapore stance on bitcoin? Too lazy to search the web right now.  :). 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. And maybe we will see that they will become behind Japan as one of the prime movers. I would like to see them give incentives to ICO companies as well. Similar to what Belarus did, 5 years tax free, thus becoming a blockchain and crypto hub country.

[/quote]
Yes, You can refer to the following links:
https://cointelegraph.com/news/singapore-confirms-it-will-not-ban-cryptocurrency-has-no-risk-concerns
https://ebitnews.com/international/singapore-will-not-ban-cryptocurrency/
This statement of Singapore has had a positive impact on bitcoin prices and the cryptocurrency market in the these days

Legislator in Singapore ,Japan  and some country that is considered krypto friendly nation really conducted studies how crypto currency works in the eonomy of thier coutries remembert those country are progressive and will establish economy.
4
 

True, they don't see cryptocurrency as a threat to their economy so when there are news like ban in bitcoin everyone should do their own research.

When it comes to this type of news that a country "will not ban" crypto, there's a very small impact to the price.

But when a news comes out and says "Wolf of the mountain says bitcoin is fraud.... etc" bitcoin is plummeting.

If that is true then it is good for the crypto currency future because singapore is one of the most developed country so many countries will follow their decision.But many countries didn't ban the crypto currenxies there are so much of rumors created by the bitcoin haters whuch created FUD among the investors and resulted in price fall.

It is good for them because as what i have read before some of their restaurant are accepting Bitcoin as a payment and suddenly they have to ban it but thankfully they did not. It might be a big loss for some of business owners out there, and probably those who goes to their restaurant are pure crypto-enthusiasts.

Of course it will impact on bitcoin value and AFAIK , singapore also have great demand on bitcoin so it's possible that they will develop their own coin to adapt the technology that seems fit in this digital era.
All can we do is wait and for me, I just hold it

Finally, there is the good news for all the investors from Singapore too.

it is good news for everyone,so many country ban crypto,i hope one day USA and China stop announce bad news about crypto

I believe it is true. As what you mentioned it is ended a good place for cryptos.although virtual money is not possible that government can control over it but still the can control people who are participating here specially the exchanges. I believe that Singapore and Japan will lead the whole world to change it from traditional currency into a new kind which is more advance and highly recommended for making people to become convenient.

Good to hear countries embracing the benefits of blockchain technology but I believe China's ban of bitcoin and Cryptocurrencies is just a rumor and sounds so manipulative to me. I don't think countries like China will ignore the benefit of blockchain technology, as what the recent news says they are very much interested to it and willing to work with other countries to develop a good blockchain project.

wow its really glad to hear that Singapore government didnot ban  cryptocurrency.what Singapore government doing its absolutly amazing.

It is indeed a very good news! The more users of bitcoin the more booming the market will be. Good thing that there are still a lot of countries who have a positive outlook and embracing the cryptocurrency.

Even though I haven’t verified, I believe the ban would be something that China would likely do. China has already banned Google and you would need to use a VPN in order to access it. Their internet is very filtered and censored so it goes to show how controlling their administration it. I don't see China as a country that is open to foreign and unfamiliar things and although that blockchain technology should benefit them, I think that they would rather not deal with it since it may pose some 'threat' to their country as they have little to no control over it.

Some countries are just preparing for crypto and integrating some rules for crypto. So when they make a move, we with help of media begin to think that they are banning the crypto. Something like Korea case recently.

Yes countries should prepare for the crypto, it's a great technology, it will be a shame to shut down this great technology, and I am relieved to see Singapore is not banning crypto, if more countries released this kind of statement, bitcoin will be back on track and will have a bigger power to be used by all people

This is a good news,  we all know that singapore is one of the progressive countries now a days, if people in singapore support btc it will give a big impact on bitcoin.

That is the major shit happening in the media, already Singapore government mentioned they are looking into crypto and in some articles they mentioned they don't find anything negative about the cryptocurrency. Sooner they will come up with some regulation for cryptos.

Wow after ages.. that is one good news in world of crypto currency :)

What is clear is that some countries are taking advantage in the crypto market. There is a lot of money in crypto and a lot of business to be done, if some countries ban cryptos there is more market for others.

Apart from that, I read in a local forum that some people from my country go to Singapure to exchange bitcoin for cash. I don’t know to what extent that is true but it has to be worth it to pay for the trip and also I think you can’t come back with more than 10.000€ through the customs.

There is a possibility that Singapore will follow what Japan has done in legalizing bitcoin and other cryptocurrencies. But it might also impose some kind of regulations on any exchanges operating inside the country. Almost all asian countries have the tendency to control every business that operating inside their territory. They may not against the cryptocurrencies but they want to control it.

Really good to hear! Singapore is one of the country where I want to go, and I'm gonna be so sad if bitcoin soon becomes illegal there. But does Vietnam already banned bitcoin?  :o I never heard that news ever until I read your post. Can someone please give me a link on some country where bitcoin is already banned, I'm quite out of news from the last few weeks because of things that matter most, and should've done first. Thank you!

They did not ban cryptocurrency because in them interests to develop Bitcoin!

In a series of fourteen statements published on Feb. 5 in response to questions posed by members of parliament on tuesday, Tharman Shanmugaratnam, deputy prime minister and minister in charge of regulatory body the Monetary Authority of Singapore (MAS), confirmed a broadly hands-off policy regarding cryptocurrencies going forward.

As long as a big market as singapore will not ban trading of cryptocurrency it should be, regulations are created just to protect the investment of the people under their jurisdiction. I think government don't want to control cryptocurrency but rather fight those people taking advantage what hype crypto already made these days.

Singapore have a strong economy and people there are easily adopting this kind of technology, this is really a good news and a start of great future for cryptocurrency, I hope that everyone will finally adopt this new system and hopefully not to control over it cause this is really not going to happen.

Far from happening. Governments will always try to attempt to take over control - even over things that involve technology such as crypto and bitcoin. It’s good that countries are now adopting but I think what would come next after this are a bunch of regulations. Just now, countries are already attempting to have some control on the matter such as the bans made by China.

Singapore can stand on its own just like South Korea and Japan and it's usually the qualities of a country that allow crypto.

Singapore have no reason to ban bitcoin because they have a futuristic plan. Also, lets face it, bitcoin is the future and any nation who embraces it now is sure to be at the fore front of that future.

one of the best explanations..please nobody prevent our business and do not try to be..

That's pretty good since bitcoin is currently gaining its momentum. That could really put up some lift. That is what i really like about the two best countries in asia IMO. Japan and singapore has always been open to technological development like cryptocurrency. When the time comes that bitcoin will now be highly adopted in singapore. I will definitely tries to visit

This is a good proof on how Fake News can spread so fast in the cryptocurrency community. That is why I don't believe on something first if the news came from an unreliable site. But reading news that came from reuters confirms Bitcoin is legal in Singapore. It took as a long time to confirm something that is fake and it cost a lot of loss to traders. We should practice caution when it comes to what news to believe or not as we shouldn't be affected in the first place so that our decisions won't be affected by it.

Media is propagating negative news about the Crypto's, not only Singapore there are many countries seriously looking how to legalize the Bitcoin and cryptocurrency. Maybe soon they will come up with a solution for making legal regulation for the cryptocurrency.

Singapore used to be very supportive about Bitcoins and other crypto-currencies in 2014-15. And I don't know how the situation changed after that. But the latest news is quite encouraging, and this is going to be good for the crypto-users in the South-east Asia region.

Singapore is one of the most developed countries in the world, there is no doubt that they will allow innovative ventures to further strengthen their progress. This is to hoping that other countries would follow Singapore's lead in being open to change and advancement. Showing the world how Bitcoin can improve a country's current state, may it be in the economical aspect, is a big step towards Bitcoin adoption.

maybe this link that I share this can give you a bit of information about bitcoin in singapore, hopefully it can help you
http://www.fbsindonesia.net/forex/wakil-perdana-menteri-singapura-tidak-ada-kasus-kuat-to-act-trading-cryptics/

First countries ban crypto than countries will not ban the crypto. It's obvious why I don't pay attention to newspapers anymore.
Just a child's play. I believe that China ban is legit though, but it won't last forever.

it is good news for market,so may country ban crypto,it is necessary more country as singapore allow crypto use in their country

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.

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.

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  :)

Singapore is a place to live for crypto lovers!  8)

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.

 
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.

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.

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

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.
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.

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.

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.

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. ::)

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.

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.

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

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.

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.

That'a good news and it will impact on bitcoin value globally especially Singapore bring massive effect for cryptocurrency market.
Although they only small country but their economy like advance and big country.

I still believe that Singapore is the great place to control bitcoin market

It is always good news to the community if Singapore is not banning the Bitcoin but every country will start legalizing the cryptocurrency in order to control the flow of scams and protect the people from these scams. Every country is taking steps towards the positive side.

Singapore has highlighted itself as a permissive environment for both against cryptocurrency and Blockchain innovation over the past few years. In contrast to China and Indonesia, the city of the city has been fond of Blockchain in particular as part of its drive to become a global technology hub.

Addressing the differences between Singapore and its neighbors, the volume involved is relatively small and exposed to the insignificant financial system.

Cryptocurrency is very much alive in the whole of Asia and even if China had already decided to close its door to this new industry we all know that still many Chinese are into cryptocurrency and those who really have the money can easily go to Hong Kong to continue doing business. In smaller countries but economically strong countries like South Korea, Thailand, Taiwan there is a booming market for cryptos and many people are already participating into this new economy. In the Philippines, the movement is gaining some traction because the government has an open-minded stance on cryptocurrency. Since Singapore as well as Hong Kong are predominantly trading countries, the environment is very much conducive for cryptocurrency. I see a great future for cryptocurrency in Asia even if we have to crash out China for good.

they are doing what is reasonable..problem does not provide any benefit to anyone..

It did not ban cryptocurrency and it was confirmed already by the government, so this should not be talk about because they believe that cryptocurrency is a risk free because you are the one handling your investment and you have the option whether you will keep it or withdraw it anytime.

The Singapore government has not been regulating the transactions of digital currencies, so the central bank statement seems to confirm that although it is not regulated but the transaction usage in Bitcoin in neighbor country is fine.

Definitely, since Singapore is open for innovation so they will not likely to ban bitcoin especially now that they have seen the potential demand and profit in bitcoin, they are just like Japan open for everything that they know will gonna put interest in their people .

Singapore has been thinking about the future of economy and finance and to become the largest financial city of the world. This in itself will be impossible without incorporating blockchain and bitcoin into business. Making cryptocurrency legal will fetch them a lot of new Investors which are ready to take part in the coin offerings. So all on all a great step by the govt.

I am proud that Singapore is really doing great when it comes to their Economy and they were also kinda feel and will accept bitcoin as a form of cryptocurrency just like other country did, they do have a great leader that thinks of his fellowmen rather than for just their power.

Singapore government looks open their mind to new technology and after they decide to not ban cryptoccurencies then bitcoin users has been increase in that country and people can starting to use bitcoin as part of their life and the latest news i heard is there was cafe who accepting bitcoin as part of their payment method

Singapore and Japan are going to lead the way for crypto in East Asia. If China decides to crack down too hard then they will get left behind. Singapore has always been well managed as a country attracting a lot of good companies there. Soon crypto companies will move there as well.

Singapore is a developed country that has a population almost entirely has a high economy. so do not be surprised if many of them already understand about technology. government also plays an important role because they know that bitcoin can be utilized without forbidding it. I hope many Asian countries follow in the footsteps of singapore. this will give many good effects for bitcoin and their communities

There is no need to do it and Singapore's authorities clearly understand it. This is not a soulution, it will be much better for the company to join such a promising trend and be at the top of the hill later

This is a smart move for Singapore, not being too carried away by the banning trend as they can see a huge economical potential with Bitcoin and the blockchain technology. Most of the countries who agreed to ban Bitcoin has one common reason , to avoid money laundering and the potential criminal activities.

There is no argue with that they will really be the country who will first become successful because of cryptocurrencies, I knew it because they love bitcoin and they are embracing all about it  unlike in some counties where in they don't give chance first, they just giving decision all the way.

Tharman Shanmugaratnam, deputy prime minister and minister in charge of the governing body of the Monetary Authority of Singapore (MAS), confirmed an agreement in the absence of the rules of cryptocurrency to acute. MAS has made strenuous progress and the potential loss they face. Until now, there is no strong case to ban the cryptocurrency trade here, "the deputy PM said. But we will still give action to those involved as our anti money laundering rules. And we will continue to give Singaporeans that they can tear down money when they invest in cryptocurrency. "

Smart decision leading to rise of economy and innovations in regular life
I wrote it and understood that it's guite hard to strengthen Singapore's economy, it is already very powerful

Yeah like Singapore and Japan these are the nation's who don't stop innovating for the future of their nation that is why  their economy becomes so powerful because they embrace change they always think out of the  box they embrace bitcoin because they think it has a good future.

Singapore hasn't actually embraced anything. On top of that, they don't come even close to what Japan has been doing on all legal grounds concerning crypto. As long as Singapore doesn't actually come over similarly to what Japan did last year, I'm not really putting any faith into the situation there. The problem is that you can't just assume anything when it comes to countries looking open minded right now, but still lack the regulatory framework to sustain crypto in more ways than one. On top of that, not even China has actually banned crypto currencies -- they just got rid of everything around it so people have no legal way to enter or exit the market. It's a smart way of achieving what they want, but without making a fool of themselves because you can't ban crypto itself, so they don't.

Ns program

There is another way of looking in to it. Singapore and Japan are two nations, where the tax evasion rates are extremely low. And the national currencies are also quite strong and they don't face much competition from Bitcoin. The same can't be said about the developing nations such as India, China, Indonesia, Pakistan.etc.

In essence, the country can really understand and deepen many things related to the technology in it to successfully control the potential risks. This looks more direct the crypto/bitcoin in a more build direction and can be used as a country's progress in terms of business and etc.
So yeah the nature and scale of cryptocurrency trade in this country doesn't pose a risk to the safety and integrity of the financial system.

Yes, we are hearing this news from many days back because Singapore is showing a lot of interest towards the cryptocurrency and the blockchain technology.his is going to future of all the field where they can securely handle all things without any limitation. This makes other countries to convince like Singapore.

Don't just believe anything as I have known too that in Singapore they are considering bitcoin, you are right they are also in favor of having cryptocurrency, and they are studying things about it, glad to have Japan and Singapore in crypto world.

Smart move from Singapore authorities I would say
This country knows how to catch the moment and receive positive impact out of new trends, respect

the relationship between cryptocurrency trade and Singapore's financial system is also insignificant today. The Singapore banking system has no significant relationship to global and local entities that handle cryptocurrency.

As of the moment it has really know significant relationship with each other, but what' s important for me now is that Singapore will not ban bitcoin no matter what, that they are considering to have it like what Japan is doing right now.

Singapore has been smart when its about to profitable things and businesses even they are a very small country.

And this is one of the countries that I want to visit one day but going back to the topic, they are following the trend of other countries who are adopting bitcoin which is good.

This is what I'm talking, progressive countries are into crypto's now.

Singapore really amazed me because of this article. I feel a little envy because my country is very slow when it comes to technology while these two progressive countries are already operating one step ahead.

Actually Singapore and Japan are countries that thinking out  of the box meaning they are open on new innovation because bitcoin of most innovative and new principle of currency and they think it is more advantageous in term of technology, that is why this country  are progressive because they  never stop innovating for  the good of their country.

It would not make sense for a trading country like Singapore to ban Bitcoin. I think East Asian countries are tolerant to crypto moneys. Yes Bitcoin is a money, everywhere where money is available there is a chance of profit. Some countries lead Bitcoin very well, leading to something uncontrollable.

Singapore has been a country setting example in many things to other countries. In its cleanliness, responsibility in ruling, treating its citizens, infrastructures and etc, Singapore is spoken out everywhere. Now it is open to adapt crypto currencies. Countries who deny accepting crypto should learn from them. Singapore is going to increase its wealth, name and fame with crypto besides they being always on top of everything. I wish every asian country should start adapting crypto currencies.

There are conflicting news from different parts of Asia when it comes to accepting the bitcoin market, countries like Japan and Singapore have taken a positive approach while China is against it for the moment, one thing these countries have to understand is that smart minds will move out from that country and settle else where if they do not accept innovation and technology and will be the ones to suffer in the future.

Really this is a very good news that Singapore will not ban cryptocurrency. Because nowadays many countries banned cryptocurrency, in this stage one country announced that it will not ban means other countries also have to look on this changes. Due to this there is a lot of changes will come in other countries also. Now this country is very smat in activating blockchain technology in the cryptocurrency world. Singapore country is a good example to other countries in using cryptocurrency.

Country singapore does not prohibit crypto, I come from indonesia, in indonesia crypto is not required as a place to look for something that can make money. But in indonesia the sale and purchase of bitcoin is still taxable.
I think neutral Indonesia will be bitcoin and crypto

One more proof that Singapore is one of the most clever countries. These guys know where money are hidden

I think that is a good news because it will greatly help the market. I really think that being active in blockchain development really helps a country economy to develop. Some countries who started business using cryptocurrency and blockchain technology even gathers some foreign investors which can really be a big help in a certain country's economy.

It is very different between developed and developing countries, developed countries always think positively about technological developments, and I strongly agree with Singapore who always address the good about bitcoin for the future.

Singapore permissive environment for cryptocurrenies and blockchain will surely benefits all crypto holders living in that country. Bitcoin in the majority of the countries in Asia are still not allowed and they also banned exchanges operating in their area. After Japan, some countries like south korea are still struggling on its cryptocurrency exchanges, and Philippines is planning to create some rules for the virtual coins.

the news is very confusing there are some news that say that lion banned the existence of crypto but there is more news that singapore freed crypto so which is true? the last news I read in early 2018 that finally singapura Start Accepting Payment with Bitcoin one example is a nightclub called Skyline that can pay using bitcoin.

Holding is the best thing that you ever do when it comes to decision making because it requires a strong determination and a strong willpower. As for Singapore, I really am amazed. I really hope they continue to follow their noble cause and stick to what they are aspiring because accepting a cryptocurrency is something that is too rare to do. That is why I respect these people and I support them till the very end.

Singapore is a very good country in implementing new things and the people in the country are ready to accept the changes that made by government. Like that many countries now banned cryptocurrency, in this situation Singapore government boldly announced that they would open the doors for cryptocurrency. Singapore country is very much interested in blockchain technology. So singapore will not ban cryptocurrency instead of that it will  accept and create more features in blockchain technology.

This is really good news! But I still think that Japan will win the race for leadership in the field of cryptocurrency. This country creates the most comfortable conditions for investors and actively develops blockchain technology.

It would indeed be a good news to hear something of such sort. Crypto has suffered much and i think it is enough. They should allow crypto to move on. Anyways a link to where you got this info from would be very necessary

very good news for the development of crypto in singapore. I hope more and more countries will make regulations about digital currency so that it will facilitate investment in digital currency. and investors will feel comfortable because they have legal protection in every country.

Today, many countries are banning the use of bitcoins or other digital currencies. but they do not forbid to have digital currency. this is due to the difficulty of controlling bitcoin users or other digital currencies because it is very vulnerable to criminal or legal use. but with the bitcoin being legalized in Singapore, bringing good news to bitcoin users and will increase the selling value of digital currencies.

This is another good news. This only shows that the number of countries who are appreciates the technology of bitcoin are increasing. I am anticipating that the numbers will continue to increase. And hopefully my country will do the same thing too.

Hi! I'm looking for the TOP cryptocurrency and blockchain experts. Will be very thankful for recommendations!

Each country should not ban cryptocurrency, instead of banning it they should learn how to deal with it because cryptocurency will be unstoppable in this era. We are now living in a world that makes everyone of us feel better thru online, instead of banning it they should learn how to regulate it.

Yes, You are right as google this message Singapore Deputy Prime Minister Mr. Tharman Shanmugaratnam provided commitment not to ban cryptocurrency.

This is a great development but still it did not help the market to grow so i think we need more countries to do the same that should welcome crypto currencies investment and regulate it so that the real demand of Bitcoin will increase. Anyway, this is still a great news which is will favor the Bitcoin than spreading FUD in which it will just make the current market performance to become worst since the ultimate dip.

Well .. surely, this is good news for the development of cryptocurrency, singapore is one country in Asia is very open with technological developments, I hope this step singapore can be followed by other countries in asia. Because this Singapore act can prove that Cryptocurrency is not "dangerous" for the economi reconstruction of a country.

Interesting news is coming from Singapore that he will not ban crypto currency. In recent years he was very active to develope of crypto currency market.

on the contrary they support the existence of crypto with evidence that Singapore warns eight cryptocurrency exchanges about their activities in city-states as regulators around the world are stepping up surveillance of digital asset trading. There are already several large companies that control the crypto

The Singaporean habit of highly profiting from their competitor's stupidity is at it again. They know very well they will reap squillions of fiat by this move.
China and others are setting themselves up for crypto-destitution.

Singapore government has announced that they would open the doors for the cryptocurrency. singapore is the country who is very open to technological developments. This is brilliant news which will be in favor of the Bitcoin, it will just make the current market performance. the number of countries who appreciate the technology of bitcoin is increasing. Making cryptocurrency legal will fetch them a lot of new Investors which are ready to take part in the coin offerings. Good thing that there are still a lot of countries who have a positive outlook and embracing the cryptocurrency.there are countries who give support and believe in cryptocurrency. a continued support will make the BTC industry even more progressive.

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.

I heard Singapore printed paper bitcoin notes, is that true?

I hope so, many countries that support blockhcain and cryptocurrency technology by adopting the system and technolagi finance that has been developed by developed countries, especially Asian countries so asia has legalized crypto

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.

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. :) :)

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.

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.

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.

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.

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...

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)

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.

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.

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.

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.

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

The sound is great. Singapore is the more developing country in the world and overall economic growth is high. Trading and cryptocurrency exchange are legal in Singapore i found a lot of source https://complyadvantage.com/knowledgebase/crypto-regulations/cryptocurrency-regulations-singapore/

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.

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.

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.

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.