Singapore Architecture and Design Firm to Accept, Keep Bitcoins
An award-winning architecture and interior design firm in Singapore says it is the first of its kind to accept bitcoin payments from clients. Furthermore, the company intends to keep the coins to pay its business costs in future. TOPOS Design studio, located in Upper Cross Steet near Singapore's central business district, is an international architectural and interior design firm that has won seven International Design Awards in the past two years and has been shortlisted for two others. It also has offices in Hong Kong and Dubai, and designs for clients in all major areas: hospitality,....
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In a time when it seems like a score of governments are giving bitcoin the look of death (looking at you, China), it seems like there's a shining light of positivity coming from Singapore - not terribly long after initially releasing a statement warning speculators of bitcoin pitfalls. That's because regulators at the Monetary Authority of Singapore (MAS) have told Coin Republic that they don't plan on interfering with the use and adoption of the digital currency. "Whether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does....
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The Monetary Authority of Singapore, the city-state’s central bank, told a local trading platform that it would not interfere with its Bitcoin services. “Whether or not businesses accept Bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene,” officials told Coin Republic. This is congruent with previous statements the Singapore government made regarding its intention to remain uninvolved with digital currencies. This is one more piece of evidence for those who believe Singapore is poised to take over Switzerland’s role as the world’s....
Several months after becoming one of the first Poland-based businesses to accept payments in bitcoins, web developer and design company EL Passion made the news again when it offered its employees the chance to receive their salaries either partly or entirely in bitcoins. The EL Passion website states that: "After much interest in the company about bitcoin and crypto-currencies in general, we've decided to provide our employees with the choice of having their salaries paid in bitcoin. This makes EL Passion the first company in Poland to pay salaries in bitcoin. "Open source is a big part....
At a time when many central banks and regulators are issuing bitcoin warnings and taking steps to limit bitcoin-related trades, Singapore's central bank has decided to steer clear of bitcoin, for now at least. The Monetary Authority of Singapore (MAS) told Singapore-based trading platform Coin Republic that it will not interfere with bitcoin adoption. The authority said: "Whether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene." According to TechInAsia, the statement isn't surprising, as the government has....