Bitcoin Bullion Dealers Seek Asian Market Entrance in Singapore

Bitcoin Bullion Dealers Seek Asian Market Entrance in Singapore

Singapore is the perfect place to sell and store precious metals thanks to its stable government and friendly tax environment, says the co-founder of a new company trading bullion for bitcoin. BullionStar.com CEO Torgny Persson is a Singapore-based expat, who started Swedish bullion dealer LibertySilver.se in 2008 and Estonian LibertySilver.ee in 2011. He moved to Singapore after discovering the government there was removing GST (goods and services tax) on precious metals in 2012. Rather than increasing red tape and discouraging bullion investment like other countries, he said, Singapore....


Related News

Bullion Exchange Brings Ripple into the Physical World

A new service launching in Singapore today uses the Ripple network to acquire, store and convert precious metals into any currency for customers anywhere in the world. Ripple Singapore is a new kind of Ripple 'gateway', which is the name given to the exchange network's entry and exit points. It's Singapore's first major gateway, and the first in the world to offer trade in precious metals. Users maintain a balance in a Ripple wallet (similar to a bitcoin wallet), while the bullion itself is vaulted in Singapore. They can then use that balance to pay anyone instantly in any currency....

Precious Metals Giant JM Bullion Now Accepts Bitcoin

JM Bullion, one of the largest dealers of precious metals worldwide, has taken the industry-first decision to begin accepting Bitcoin for bullion purchases, after finishing a short test period. JM Bullion partners with BitPay. In a statement released on BitPay’s blog, the payment processor announced that JM Bullion will start accepting purchases of gold, silver, platinum, and copper bullion via Bitcoin: BitPay says that Bitcoin purchases will have many advantages over traditional forms of payment, namely tackling the fees involved with credit cards, and the slugginess with which bank....

Singapore Bitcoin Exchange Quoine Raises $20m; Moves to Tokyo

The primary focus for the Quoine Bitcoin exchange has always been on the Asian market. Bitcoin companies are seeing significant interest from investors all over the world. Quoine, a Singapore Bitcoin exchange, has recently raised US$20m in VC funding. This is quite a step up from the company’s previous investment round, which was worth ‘only” US$2m. It is interesting to note. Bitcoin exchange Quoine is based in Tokyo, despite being a Singapore platform. However, this new investment round will help the company move its headquarters from Tokyo to Singapore in the coming months. There is also....

Precious Metals Dealer JM Bullion Accepts Bitcoin

Dallas-based precious metals dealer JM Bullion is now accepting bitcoin. With the announcement, JM Bullion joins a growing list of US-based precious metals dealers that accept bitcoin for payments, including Agora Commodities and Amagi Metals. JM Bullion will accept bitcoin through a partnership with merchant processing startup BitPay. Customers will receive 4% discounts on bitcoin purchases, an offer also extended to those who pay with bank transfers and paper checks. Director of e-commerce Thomas Fougerousse said that he believes the decision enables the company to offer a better payment....

Coinbase Expands to Asia With Singapore Market Launch

Coinbase is now offering consumers in Singapore the ability to buy and sell bitcoin using Singapore dollars, a move that marks its formal introduction to the Asian market. The announcement follows on the heels of the news Coinbase would launch services in Canada following a partnership with bitcoin compliance firm Vogogo. Coinbase, which has raised more than $100m in four venture rounds, is now open to consumers in 28 countries globally. Coinbase suggested the announcement is reflective of what it called a welcoming environment for bitcoin in Singapore as well as the region's strong....