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1  Local / Other languages/locations / Re: Singapore on: December 02, 2014, 03:34:37 PM
CNA Perspectives: Virtual Currencies and Taxation
Channel News Asia, Friday Dec 4, 8:00 PM

Bitcoin, the most popular digital currency, is often dubbed the future of currency. The belief that credible currencies have to be issued and regulated by central monetary authorities has always been assumed to be an incontrovertible truth, but this has been brazenly challenged by the evolution of digital currencies.

http://www.channelnewsasia.com/tv/tvshows/perspectives/trailer-virtual/1491042.html
2  Local / Other languages/locations / Re: Singapore on: February 28, 2014, 09:40:42 AM
Anybody here got burned by MtGox's shutdown? Any thoughts about the suggestion for Karpeles to move to Singapore?

http://www.coindesk.com/mt-gox-loses-340-million-bitcoin-rumoured-insolvent/
3  Local / Other languages/locations / Re: Singapore on: January 29, 2014, 01:23:03 PM
Is there any GST or additional tax that will be charged to the person buying/selling bitcoins on a local exchange?

I'm not 100% sure, but from the guidance it seems that if you are a GST registered person (i.e. company?), then the BTC you sell in Singapore, be it through and exchange or in person, is GST taxable on the full amount (BTC value + commission).

Proper local exchanges will only be charged GST on their commission.
4  Local / Other languages/locations / Re: Singapore on: January 29, 2014, 01:11:59 PM
There's the Hwz thread you may have come across. It just happens that just now all 3 sites I went to were not fully functional for a while.

Will be great if Coinbase expands to Singapore

Unfortunately, the direct buy/sell model that Coinbase uses will result in them having to collect GST based on the recently released taxation guidance from IRAS.

Relevant paragraph from http://www.coindesk.com/singapore-government-how-we-intend-tax-bitcoin/

The GST treatment of the supply of bitcoins will depend on whether the company is acting as an agent or principal in the transaction. If the company merely facilitates and is acting as an agent in the bitcoin trade (eg: bitcoin exchange transfers bitcoins directly to a customer’s wallet), then GST is chargeable only on the commission fees received. However if the company is acting as a principal in the bitcoin trade (eg: it buys and onward-sells bitcoins to the customer), GST is chargeable on the full amount received, ie: the sale of bitcoins and commission fees.
5  Local / Other languages/locations / Re: Singapore on: January 29, 2014, 12:32:34 PM


Fybsg is now accessible. These outages appear to have occurred previously if you check other forums.

I've used FYBSG everyday for the past 2 weeks or so without any problems. Care to share these other forums that report they were down? Perhaps the users made the mistake of trying to connect to http://www.fybsg.com/ which wouldn't work. The site needs https.
6  Local / Other languages/locations / Re: Singapore on: January 29, 2014, 12:04:49 PM
FYBSG have been down for quite a while!

Coinsupermart never heard of it, and its now under maintanence? Itbit have suspicious activities in their order books, and its also currently offline.

Guys, seriously we need ONE rock solid exchange in Singapore if we want Bitcoin to be adopted in the country.

I have been using both https://www.fybsg.com and https://www.itbit.com and am currently logged in without any problems. Did you just sign up for a new account here to slander them? Post evidence if otherwise.
7  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: January 28, 2014, 07:57:04 AM
Mine. https://blockchain.info/address/15GhbQJJJCgrWNz4XjPyBrDbHMgHxPcKi3
8  Local / Other languages/locations / Re: Singapore on: January 24, 2014, 03:07:14 AM
which exchange r u refering to? FYBSG?

Bids/asks on https://www.itbit.com center pretty much around bitstamp's.

FYB-SG has bids around bitstamp, but asks are around bitstamp+5%.

Btw, welcome!
9  Local / Other languages/locations / Re: Singapore on: January 24, 2014, 01:04:58 AM
BTC-E -4 % IS NOT BAD , I JUST A SMALL EXCHANGER AND THE PRICE IS ALWAYS CHANGE , RIGHT ? SOME BIG EXCHANGER CAN NOT OFFER BETTER THAN ME !

In Singapore, we can easily sell on local exchanges for between bitstamp to bitstamp + 5% prices, or even more through localbitcoins. Nobody here will sell their BTC to you for btc-e -4%. Give up.
10  Local / Other languages/locations / Re: Singapore on: January 22, 2014, 10:55:36 AM
Since you got a referral in there... Is coinbase of any use for people without American bank accounts?

Not David, but I'll answer since I use Coinbase.

It's probably useless without a US bank account. Can't wire in funds like a real exchange.

You could use it as a wallet I guess, but it's a lousy wallet. Main problem is it sometimes take a while to broadcast outgoing transactions.
11  Economy / Scam Accusations / Re: The 2nd Stage Server Con ( Currently ~$2,000,000 ) 2 MILLION DOLLARS!! on: December 27, 2013, 05:29:46 AM
I have just managed to withdraw 6.175% of what my stuck balance after about 10 tries across past 2 days on the portal. There is some hope yet.
12  Local / Other languages/locations / Re: Singapore on: December 23, 2013, 12:47:30 PM
http://www.techinasia.com/singapore-government-decides-interfere-bitcoin/

http://coinrepublic.com/monetary-authority-of-singapore-businesses-are-free-to-transact-in-bitcoin/
13  Economy / Auctions / Re: ## 1320 ASICMINER DIRECT SHARES @0.29[btc] - 7 DAYS AUCTION - ESCROW POSSIBLE ## on: November 26, 2013, 12:14:32 AM
20 @ 0.3
14  Economy / Auctions / Re: ## 1320 ASICMINER DIRECT SHARES @0.29[btc] - 7 DAYS AUCTION - ESCROW POSSIBLE ## on: November 25, 2013, 07:52:35 PM
20 @ 0.29
15  Economy / Scam Accusations / Re: The People VS. Ukyo (AKA WeExchange 2nd Stage Scam)! Currently ~$500,000 on: November 21, 2013, 07:43:04 PM
Please add my missing BTC to the list too. Thanks.

Username     WeExchange ID                                      Amount          Time Stamp
sauteedcat    0Yr6hs6FBCmWQh1xACeln5cpiymciB2T       1.95               2013-11-04 16:48:52
sauteedcat    Zk36226uOJkOCKHdEJ7ZMJ6SPFBJ7SrO      0.1026061       2013-11-21 00:11:48
16  Local / Other languages/locations / Re: Singapore on: November 21, 2013, 07:41:35 AM
I may do Bitstamp rates. How much BTC are you looking for? F2F meet up?

Yes F2F, but not in Singapore yet. When I'm there in the next few months I'll PM you. Thanks!
17  Local / Other languages/locations / Re: Singapore on: November 21, 2013, 07:01:20 AM
I have no idea how the others price them but I used Preev for my rates (MtGox).

Yeah that's pricey. I was hoping to buy at Coinbase or Bitstamp rates.
18  Local / Other languages/locations / Re: Singapore on: November 21, 2013, 06:55:04 AM
As soon as coinbase lets me, I'll be selling again. Right now I hit there 10btc weekly limit. Working on getting money into more exchanges to help with liquidity.

http://coinrepublic.com/buy-sell-bitcoins-singapore/

David



Coinbase allows up to 50BTC to be bought a day, not instant but you do lock in the rate at time of purchase. Is there a reason you are not doing that?
19  Local / Other languages/locations / Re: Singapore on: November 21, 2013, 06:18:29 AM
You can meet me at an MRT station and pay via cash, then I'll send you some BTC with my phone. c:

How do Singaporean sellers generally price them? And you?
20  Other / Beginners & Help / Re: When will BTC be worth $100,000 per BTC??? on: November 21, 2013, 05:53:01 AM
There is going to be a ton of computing power that will go online in the next 90 days.  I highly suspect the next jump will be by March to around $1200 to $1500.

I don't think hashing power is correlated to the increase in price.
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