Let's go to Singapore! We can pay with Btc there.

[much_word]

I saw this article today: https://news.bitcoin.com/singapore-regulatory-framework-cryptocurrency-payment-services/ about paying with cryptocurrencies in Singapore.
The central bank has finalized the new regulatory framework for payment services and they have included cryptocurrencies.
I think this is the future of banking and something that all countries should start doing.
The plus of making this change in the financial system is that there will be less money laundering and terrorism financing risks in the crypto world which is good for normal people that have hope and invest in online coins but bad for the ones that use the online coins for the reasons mentioned before.

What do you think? Is it a good idea to introduce cryptocurrencies in the financial systems of the world's countries?

[lyks15]

Woow that's great. All we know that Singapore is a progressive country and many tourist attraction you will find in this country . And because it is progressive or we can say that Singapore is a rich country it is also a high cost living country . If I'm not mistaken Singapore is next to germany in the most high cost living country in the world and imagine if you can use bitcoin in that country you are perfectly seat and relax confartable. Because if you are already save bitcoin before you go there you can surely enjoy every facilities because you can use your bitcoin as a payment.

[Oniko]

Cool! I am glad that we can pay for services and goods using cryptocurrency.

I'm going to go to Singapore in March 2019 and I will be happy to test this service.

[dothebeats]

The plus of making this change in the financial system is that there will be less money laundering and terrorism financing risks in the crypto world which is good for normal people that have hope and invest in online coins but bad for the ones that use the online coins for the reasons mentioned before.

This is a great news and all for the people of Singapore, but how exactly would a single, domestic regulatory framework concerning bitcoin and cryptocurrencies prevent terrorists from using the said crypto and funding themselves to further their agenda? Money laundering too, would still exist despite the said regulatory green light for transactions concerning crypto. They can easily prevent using crypto within Singapore and evade the said regulations, easy as that.

What do you think? Is it a good idea to introduce cryptocurrencies in the financial systems of the world's countries?

In part it's good to slowly introduce new fintech to the masses as over time, we will be shifting over to digital currencies and it's also an inevitable future. Giving a go signal for people and merchants to freely use cryptocurrencies is actually a good thing as it alleviates the fear of the masses over innovation and the advancements we made in the last couple of years.

[bellamente]

Singapore following Japan takes the legal framework for the validity of cryptocurrencies. This is a very positive sign for Bitcoin. I think many investors will view this news as a signal to buy.

[cpoer2011]

I am not surprised about it because I knew that Singapore is one of the countries that legalize the cryptocurrency especially Bitcoin. So, that's mean we can use Bitcoin in Singapore for any kinds of business. I hope it will follow to other countries.

[giantrobot]

Singapore is a progressive and modern country. Their acceptance of electronic money is understandable. I think the reason is that they have good infrastructure and have secure network security against hackers. However, I wonder if the Singapore government has issued some rules for electronic money.

[avikz]

Indeed it's a great news! But there are reasons for Singapore to create a regulatory framework for cryptos and accept it within their economy!

Being one of the smallest countries in the world, Singapore doesn't have land to create manufacturing industries. These kind of industries are the main recruiter for the masses. Without the presence of such heavy industries in Singapore, they always have to rely on financials industries based on innovation which can ensure a steady cashflow to their citizens!

Crypto industry is fulfilling this exact gap. Being a new technology related to finance, cryptos have enormous potential to grow a business around it. Singapore wants to encash themselves exactly in this point.

I hope other countries will soon understand the potential and start adopting cryptos within their economy! But looking at the current situation, the effort may see a slowdown for next few months!

[Babyrica0226]

I saw this article today: https://news.bitcoin.com/singapore-regulatory-framework-cryptocurrency-payment-services/ about paying with cryptocurrencies in Singapore.
The central bank has finalized the new regulatory framework for payment services and they have included cryptocurrencies.
I think this is the future of banking and something that all countries should start doing.
The plus of making this change in the financial system is that there will be less money laundering and terrorism financing risks in the crypto world which is good for normal people that have hope and invest in online coins but bad for the ones that use the online coins for the reasons mentioned before.

What do you think? Is it a good idea to introduce cryptocurrencies in the financial systems of the world's countries?

This is a great news, actually I have a fiancee who worked there and I am planning to visit here this December before Christmas.
So, I think even I am here in my country I send here a bitcoin in Singapore using the exchange platform they have in there. Meaning, they also have a merchants there who is bitcoin accepted too as payment.

[fosco333]

I saw this article today: https://news.bitcoin.com/singapore-regulatory-framework-cryptocurrency-payment-services/ about paying with cryptocurrencies in Singapore.
The central bank has finalized the new regulatory framework for payment services and they have included cryptocurrencies.
I think this is the future of banking and something that all countries should start doing.
The plus of making this change in the financial system is that there will be less money laundering and terrorism financing risks in the crypto world which is good for normal people that have hope and invest in online coins but bad for the ones that use the online coins for the reasons mentioned before.

What do you think? Is it a good idea to introduce cryptocurrencies in the financial systems of the world's countries?

That is really a good news for me because i often go to singapore. The most thing i like in singapore is the transportations.
MRT is my usual transportation. If we can use crypto to pay riding MRT, then it will be a good thing because can create more public awareness about cryptocurrency. And yes, it is a good idea in my opinion if cryptocurrency introduced in many countries financial system.

[Om.monata]

it's a good idea if indeed the concept can provide benefits, it's time if crypto now has to be able to connect with banking and that will provide many benefits and make an example for many countries.

[carlabellington]

I saw this article today: https://news.bitcoin.com/singapore-regulatory-framework-cryptocurrency-payment-services/ about paying with cryptocurrencies in Singapore.
The central bank has finalized the new regulatory framework for payment services and they have included cryptocurrencies.
I think this is the future of banking and something that all countries should start doing.
The plus of making this change in the financial system is that there will be less money laundering and terrorism financing risks in the crypto world which is good for normal people that have hope and invest in online coins but bad for the ones that use the online coins for the reasons mentioned before.

What do you think? Is it a good idea to introduce cryptocurrencies in the financial systems of the world's countries?

It is an excellent idea!! cryptocurrencies starting to be accept in many countries.

[DigitalCyberius]

Although it's great to the extent of having different options available... if all money were to go the way of crypto, particularly centralized crypto, you could be singled out for whatever reason (like your political preferences, your beliefs, or thoughts or words deemed unsavory by someone in power) and have your financial abilities completely paused. The Bible actually foretells of such a controlled financial system in the end times in the book of Revelation.

Long and short of it, love options, but would hate it to be a gateway to a totalitarian system.

Have a great day,
The Cyberius team

[blocklancer8]

Wao, this is very good news to hear. Singapore is a developed country and it is quite wise to develop cryptocurreny, of course there will be many people going on vacation to Singapore, this is rich in tourism. And for people who want to commit crimes such as terrorism and money laundering, the government should establish strong security so that later they will not be conceded.

[rosezionjohn]

Is it a good idea to introduce cryptocurrencies in the financial systems of the world's countries?

Wasn't this the goal?

It feels good to be finally reading something worthy about cryptocurrencies. This sounds positive for bitcoin and crypto as a whole but some may still oppose this idea as it appears that the Central bank will be the regulatory body here.

[btyco]

This is why kucoin has managed to secure 20 million dollars in funding, it's going to be the next binance led by a crypto boom in singapore. Much safer than trading in hong kong

[muslol67]

There are several country which you can use Bitcoin or other crypto money in the world. Actually, I've red a news and review about some ICO's. They are related exact this point. We have to find a solution FIAT-Crypto-FIAT transaction. And we have to find it quick way. I mean, If I want to pay with my crypto wallet, I can use it. Wallet provider should trade at that moment and it should pay with Fiat or Crypto (which want seller get payment). So then we can talk about payment. Other way, I guess, payment with BTC can always be limited.

[20kevin20]

This is a great news and all for the people of Singapore, but how exactly would a single, domestic regulatory framework concerning bitcoin and cryptocurrencies prevent terrorists from using the said crypto and funding themselves to further their agenda? Money laundering too, would still exist despite the said regulatory green light for transactions concerning crypto. They can easily prevent using crypto within Singapore and evade the said regulations, easy as that.

In part it's good to slowly introduce new fintech to the masses as over time, we will be shifting over to digital currencies and it's also an inevitable future. Giving a go signal for people and merchants to freely use cryptocurrencies is actually a good thing as it alleviates the fear of the masses over innovation and the advancements we made in the last couple of years.

I believe the terrorism, money laundering etc is used as a reason to implement those regulatory frameworks which, in the end, make those govs happy by having more control over us. Let's be honest and see the real part of the deal here.. I mean, if someone did a research on how much of the BTC volume is being used for money laundering and criminal activity, we'd be surprised to see how low the percentage would be.

It's just like the decentralized exchange thing SEC said about EtherDelta recently: EtherDelta should be registered as an exchange. If it's decentralized, registering it as an exchange contradicts its purpose. I honestly don't believe the "criminal activity" part any government says when it comes to Bitcoin and cryptocurrencies. Control, control and more control...

[buwaytress]

What happened to borderless digital currency? Don't need to go to Singapore to use Bitcoin, it's available to be used in 100% of the world's countries, if not 100% of the geographical locations throughout, limited by network connectivity is all;)

Hell, if countries that tried banning Bitcoin still can see users and traders on P2P platforms, shouldn't this be enough proof to show that any attempt to make it illegal won't work? That's the beauty of this thing.

[dvdrewritable]

This is an amazing and great news everybody we know Singapore is one of the progressive and extreme modern countries in the world and every day a huge number of tourists come to visit this country and now tourists who use bitcoin they can make payment through bitcoin it is a wonderful idea to develop of bitcoin indeed.