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

[kucritt]

is this true? that bitcon is accept in singapore? i live in asia too. i think that maybe someday when i have time to travelling to Singapore i can spend my bitcoin on singapore without change it first into SGD

[irsada]

of course this is a good idea for the development of bitcoin and I hope there will be many more countries that legalize bitcoin as a transaction tool.

[krishnaverma]

That is a fantastic news for the people living there and for frequent travellers to that place as well.  However,  I do not think that someone is going to travel to that place to encash his bitcoins as it is not practical.  He will have to spend money in travelling expense which might be more than what he has been holding.

[bolbau]

not so surprising, because Singapore is one of the most developed countries, especially in the Southeast Asia region. but this news is clearly very happy for the crypto industry, that many countries are willing to accept bitcoin to become a part of their lives. if asked if we should move to singapur to feel the freedom to use bitcoin? I think the best choice now is how we also have to make Bitcoin acceptable in our own country.

[Elerntta]

I think that most countries of the world have long been time, at least partially, to switch to the use of cryptocurrency, because it opens up completely new opportunities for the country's economy.

[jojohamasa]

These steps are one of the pillars of universal adoption that everyone is waiting for
Singapore joins the cryptocurrencies in the adoption of encrypted currencies
With a good economy and per capita income high
It is important that regulations do not restrict financial freedom.

[Pyr3x]

Singapore has set an excellent example for most countries of the world and shows that you should not be afraid of bitcoin and cryptocurrency. This will absolutely not disrupt the country's economy, but rather allow it to develop even better and more dynamically.

[mohammedmattar]

Great news, especially from an economically strong country
I hope that this culture will spread among the governments of other countries
Rational governments can coexist with cryptoicurrencies
It needs to be read correctly for these new technologies.

[FlightyPouch]

Singapore has set an excellent example for most countries of the world and shows that you should not be afraid of bitcoin and cryptocurrency. This will absolutely not disrupt the country's economy, but rather allow it to develop even better and more dynamically.

I don't know but as far as I know, Japan did it first. Last year before the price exploded to 5 digits, the news was about Japan accepting Bitcoin. The price was increasing at that time and then after that, the price just skyrocket at $20K. Also, with the price dumps that is happening, I am happy to hold my BTC, I am not using it except it make a pump again.

[ivannalog814]

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?

Sorry, you can tell us more about the technology that will save us from financial crimes and money laundering ?)

[Captain Sneeze]

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?

Well as expected , I want to go in Singapore eversince its because they have nice environment. This is great to know that they accept bitcoin , people cam easily invest their money in bitcoin. I just hope that they use bitcoin in a good way. A country like Singapore is a great place to be.

[cuenzy]

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?

They are I think should be considered as the capital of cryptocurrency in Asia. They are advanced in mass adoption in this region as well as taking over the other countries like Japan to be the primary influencer getting into the world.

[BITDV]

Knowing many countries that oppose the regulation of bitcoin, this is good news. Some countries should follow Singapore. It’s not strange for developed countries, because they study the information unlike developing countries. They know the advantages of bitcoin and take the opportunity of it. I hope other countries will legalize bitcoin and use it as a currency in the future.

[Oilacris]

Knowing many countries that oppose the regulation of bitcoin, this is good news. Some countries should follow Singapore. It’s not strange for developed countries, because they study the information unlike developing countries. They know the advantages of bitcoin and take the opportunity of it. I hope other countries will legalize bitcoin and use it as a currency in the future.

Expected there are really countries would really follow the same path but as expected not all countries do really have the same views when it comes to Crypto or BTC itself.
If you do go on Singapore and as a BTC user then it would be a good experience to use up your coin on such travel but if you do just solely migrate because of such adoption
then better think twice because Singapore do have a very expensive way of living.

[Phildo]

As we know, Singapore is a paradise for people to shop. They (Singapore) know, if they boost the use of bitcoin as a whole, they will reap more profits. I hope more countries that accept bitcoin will make the price goes up. So this is very good news for cryptocurrency activists especially bitcoin like us.

[tungaqhd]

In VietNam we have some Bitcoin ATMs and you can pay your food bills with bitcoin even it is banned by the governments. I hope we can use bitcoin to pay bills world wide.

[KuyaBreezy]

Excellent, also in Sweden is quite acceptable, that's what really matters in the end, the price can be 1000 or 20k but what measures our success is that we can use it so much in the real world, because really for that is that was made bitcoin and alts.

[kingpin4321]

Another improvement in the spread of bitcoin and cryptocurrency world wide Singapore is a booming economy and if that regulations is being implemented it would have a positive impact on bitcoin and cryptocurrency

[amonymous]

The bank regulatory framework for payment services in the Singapore country, absolutely that is great news for everyone Singapore people's.but one think suggest every country will need follow the section. Instructions is very simple, how can accept bitcoin Everyone countries. Again improvement I have see Singapore country accept bitcoin for the farmeworks payment service.i hope it will be give us good positive react another countries.

[Finestream]

Another improvement in the spread of bitcoin and cryptocurrency world wide Singapore is a booming economy and if that regulations is being implemented it would have a positive impact on bitcoin and cryptocurrency

If a progressive country has come to adopt it and is gaining more potentials from bitcoin,why do other countries still refuse to adopt it?Maybe what a single country had seen on the benefits of cryptocurrency cannot be seen by majority of the countries.I think Singapore has made a good decision and this could be a good start for bitcoin to be known also to some countries and definitely adopt it also in the near future.