Quite late to be reporting this here - but I never saw it before.
Part 10 of the Singapore governments Infocomm Technology Roadmap has a section on Bitcoin
New Digital Economy
Infocomm Development Authority of Singapore
2012-08-17
http://www.ida.gov.sg/doc/Technology/Technology_Level1/20060417212727/10NewDigitalEconomy.pdf...
Increased consumer acceptance and trust in online financial transactions have generated new
alternative monetary transaction concepts including virtual currency such as Virtual Gold and
Bitcoin. Leveraging of mobile devices, new payment mechanisms such as mobile airtime credits,
peer-to-peer (P2P) micro-payments, Google wallet and NFC payment platforms are already being
deployed in some countries.
...
Bitcoin
An open source project launched in 2009, Bitcoin is an electronic cash system that relies on peer-topeer (P2P) networking, digital signatures and public key cryptographics to enable irreversible
payments between parties, represented by transferring a symbolic token stamped with complex
numbers that confers ownership to someone else. As of March 2012, this virtual currency has a
value ranging between US$4 and $5.
Unlike other currencies, Bitcoin does not have a central issuing authority run by a government, bank
or organisation nor is the value backed by any real-world currency or solid commodity. The Bitcoin
Network is somewhat similar to the BitTorrent Network invented by Bram Cohen.
...
Parent doc here:
http://www.ida.gov.sg/Technology/20060417212727.aspx
