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Author Topic: [2017-12-20] Singapore calls cryptocurrencies illegal tender  (Read 49 times)
Rick Nolan
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December 20, 2017, 02:55:43 PM
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Yesterday the Monetary Authority of Singapore (MAS) published a press release in which it advises the public to act with extreme caution and understand the significant risks they take on if they choose to invest in cryptocurrencies.

Source: https://hype.codes/singapore-calls-cryptocurrencies-illegal-tender

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uslfd
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December 20, 2017, 03:02:59 PM
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it says it is "not legal tender" which i suppose is slightly different from being "illegal tender"Huh

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veleten
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December 20, 2017, 03:50:37 PM
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it says it is "not legal tender" which i suppose is slightly different from being "illegal tender"Huh

obviously,for some newsmakers not legal tender and illegal tender is the same thing
illegal tender is not even a term,while not legal tender means that a country doesn't recognise the asset to be accepted
as payment,which is pretty common with any cryptocurrency and most of the countries
don't see why this has to be on the news,though

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December 21, 2017, 11:48:34 AM
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MAS adds that there is no regulatory safeguard for investments in cryptocurrencies and most operators of platforms on which cryptocurrencies are traded do not have a presence in Singapore, thus it would be difficult to verify their authenticity or credibility.
It's outrageous to make such statements and not professionally !!! Such a prejudiced attitude. Have you even tried to verify their authenticity and reliability? Because they are not in Singapore, are you serious?
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December 21, 2017, 06:47:41 PM
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Yesterday the Monetary Authority of Singapore (MAS) published a press release in which it advises the public to act with extreme caution and understand the significant risks they take on if they choose to invest in cryptocurrencies.

Source: https://hype.codes/singapore-calls-cryptocurrencies-illegal-tender

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The same is hapenning with  India . They published this "tender " claiming that bitcoin is very cautious and one needs to be very careful with it before dealing with it . I mean "cautious" ?  What exactly they think bitcoin is ? A bomb ??
Just making some public appearances in order to disturb the bitcoin's "already" shady image . They are not illegalizing it and they also cannot stand it ? What exactly is that they want ?     
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