Bitcoin Broker in Singapore Hoping For a 'Light Touch' on Regulation
The director of Singapore-based Bitcoin brokerage Coin Republic says that city-state should approach the regulation of bitcoin and digital currencies with a "light touch", according to ZDNet. In the eyes of David Moskowitz, government-imposed regulation alone won't put a stop to illicit use of digital currency. The idea instead is to allow the technology behind these rapidly-growing crypto-currencies to curb potential crimes like terror financing and money laundering. The Monetary Authority of Singapore (MAS) has said they're soon planning to release legislation that will require digital....
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In a legal battle that has recently come to light on September 4, Ripple Labs Singapore, the Singapore arm of Ripple Inc., has taken legal action against GCC Exchange, a well-known foreign exchange and money transfer app provider. The lawsuit stems from alleged non-payment issues concerning the transfer of XRP liquidity injected by Ripple’s Singapore-based […]
While most governments have been taking steps to regulate the bitcoin industry and others declaring a completely close-minded stance against digital currencies, Canada's Senate decided to vote against bitcoin regulation. The Canadian Senate's Banking, Trade and Commerce (BTC) committee released its findings last Friday and asked the federal government to use a "light touch" in dealing with digital currencies. The report indicated that legislators have acknowledged that the bitcoin industry is still young and developing so they'd like to see a more nurturing environment instead of one that....