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Author Topic: Singapore Monetary Authority Says Bitcoin not legal tender, doesn't regulate  (Read 795 times)
DutchBrat (OP)
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February 27, 2014, 10:40:27 AM
 #1

On Bloomberg,

Will update when I have the press release

*SINGAPORE MONETARY AUTHORITY SAYS BITCOINS NOT LEGAL TENDER
*SINGAPORE'S MAS SAYS IT DOESN'T REGULATE USE OF BITCOINS
*BITCOINS `NOT RECOGNIZED' AS MEDIUM OF EXCHANGE: MAS

http://www.mas.gov.sg/news-and-publications/parliamentary-replies/2014/reply-to-parliamentary-question-on-virtual-currencies.aspx
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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March 27, 2014, 01:53:31 PM
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This is good news for me and the people in Singapore who involve with bitcoin.
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March 30, 2014, 04:25:49 PM
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Though I'm not living in Singapore but I involve with bitcoin and happy to hear this news
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