Singapore Prime Minister Cites Bitcoin As A Sign Of The Future During Speech
Singapore Prime Minister Lee Hsien Long cited bitcoin and block chain technology as innovations changing the banking industry during a congratulatory speech at the United Overseas Bank (UOB) 80th-anniversary dinner. Hsien Long emphasized the banking industry's importance to his nation's economy. He began his talk by reviewing the history of UOB, one of the country's first banks. In 1935, during the Great Depression, a group of Chinese businessmen pooled their resources to set up the bank now known as UOB. It had a single branch in rented premises, and it engaged in short-term loans. It has....
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Singapore’s deputy prime minister has advised retail investors to steer clear of cryptocurrencies, citing that they are “highly risky.” He stressed, “We cannot express this enough.” Singapore’s Deputy Prime Minister Warns About Crypto Singapore’s Deputy Prime Minister Heng Swee Keat reportedly warned retail investors against investing in cryptocurrency Tuesday while speaking at the Asia Tech x Singapore (ATxSG) summit. He said: Retail investors, especially, should steer clear of cryptocurrencies. We cannot express this enough. He brought up....
At the United Overseas Bank (UOB) 80th anniversary dinner, Lee Hsien Loong, Prime Minister of Singapore, commented that Bitcoin and blockchain technology are going to change the banking industry. Singapore is an important financial center in Asia. And this statement from Loong suggests a bright future for the decentralized technology within the country. Long’s ten minute speech was concluded with words of support towards blockchain applications within the banking industry: “The operation environment has become more challenging, and on top of that, technology is moving very fast, with new....
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The prime minister of India, Narendra Modi, has urged democratic countries to work together to ensure that cryptocurrency, particularly bitcoin, does not end up in the wrong hands. Meanwhile, the Modi government is working on a regulatory framework for cryptocurrencies in India.
India’s Prime Minister Modi on Bitcoin and Cryptocurrency
Indian Prime Minister Narendra Modi talked about cryptocurrency, specifically bitcoin, during his virtual keynote address at the Sydney Dialogue Wednesday.
He called on countries to work together to ensure that cryptocurrency....