Bitcoin Surge in Singapore: The Full Story
The Asian economies have been far more accepting of Bitcoin than have been their counterparts in the Western world. Nations such as China, Hong Kong, and Singapore continue to outpace the US or Great Britain in inculcating Bitcoin in daily routine. In a recent discussion with BraveNewCoin, the Chief Operating Officer and co-founder of Tembusu Systems Jarrod Luo stated that the regulatory authorities in Singapore have been fairly lenient. He says, "From what we can see it is aimed at trying to include crypto-currency-based instruments into the existing financial and taxation system," says....
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Good news from Asia at last: a new body aiming to facilitate Bitcoin’s expansion in Singapore has formally introduced itself to the community this week. The Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS) was formed by various members of the Singapore Bitcoin community to facilitate “an open and clear dialogue between Singapore crytocurrency businesses and the wider public, including regulators,” it was announced in a statement issued today. ACCESS is the first such organization to surface in the Asian Bitcoin space, an area which currently variously contends....
The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers based outside Singapore. As such, there is a limit to how much law enforcement agencies in Singapore can do,” said Singapore’s minister for home affairs. Singapore Government’s Data on Cryptocurrency Scams The Singaporean government has revealed the number of reports related to cryptocurrency scams the police received in the past three years. In a written reply to a parliamentary....
Singapore-based bitcoin startup CoinPip is one of 10 technology companies selected by a government agency to represent the country at this year's South by Southwest (SXSW) event in the US in March. Notably, this is the first time a national government has shown such support for bitcoin enterprise development. Participating companies are being sponsored to attend by Infocomm Investments, the investment arm of Infocomm Development Authority of Singapore (IDA), a government agency and regulator. CoinPip CEO Anson Zeall told CoinDesk he aims to use the appearance at SXSW to raise awareness of....
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Tim Draper with CoinHako founders Yusho Liu and Gerry Eng. Recently launched Singapore exchange and wallet service CoinHako has received a helping hand via a "six figure" personal investment from venture capitalist Tim Draper. The company is also actively in talks with other angel investors and seed-stage VCs to close another round of funding. Draper said that, while bitcoin is the greatest technological breakthrough since the Internet, liquidity and pricing remained a problem in Singapore and Southeast Asia. "CoinHako is cleverly filling up those gaps. Singapore is also one of the most....