Singapore will not ban cryptocurrency

[Sithara007]

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.

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.

[superjeyy]

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.

[Mamoot]

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.

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/

[Uzunhahn]

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.

[tung06081989]

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

[[As]]

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.

[shi07]

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.

[oturanbilboa]

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 

[Ovidijus01]

Singapore is a place to live for crypto lovers! 

[richminded]

Singapore is a place to live for crypto lovers! 

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.

[edwardnortonn]

 
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.

[rhamzter]

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.

[MisterPrada]

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

[Mobshady24]

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.

[ApocalypseNow]

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.

[goaldigger]

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.

[denny27]

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.

[makolz26]

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.

[jaocoincrypto18]

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.

[Sithara007]

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.