Singapore's Central Bank: Cryptocurrency Regulation Not Necessary
According to Monetary Authority of Singapore (MAS), they don't have plans on regulating cryptocurrencies such as Bitcoin.
Ravi Menon, managing director of MAS said that they do not see any reason to regulate Bitcoin and other cryptocurrencies.
However, there may be laws being formulated that could apply to some cryptocurrency activities and ICOs that relates to money laundering and other potential risks of using them.
So there will just be a case by case situation wherein they will only look at which ones will be needed to bring into regulation and which ones that can stay outside
Russian Entrepreneur Creates Bitcoin, Ethereum and Ethereum Classic Vodka Brands
Dmitry Troitsky a Russian native and entrepreneur has filed for trademark patents for hi product lines of Vodka named after three famous cryptocurrencies Bitcoin, Ethereum and Ethereum Classic.
Even though the government has not been supportive to cryptocurrencies, he believes that people's perception is different and this may bring a lot of attention to his business.
The Vodka line will be more of a gift product or novel concept but with enough push in and Troitsky believes that it could eventually reach commercial success.
No dates yet as to when will it release or details on how will it look like.
Paypal Co-founder Sees Bitcoin As Being Underestimated And Compares It To Gold
Peter Thiel, co-founder of Paypal has been a long time advocate of Bitcoin.
He reiterated again the potential of Bitcoin at the Future Investment Initiative in Riyadh, Saudi Arabia.
Thiel believes that Bitcoin could be the digital version of Gold and could replace it as a reserve currency.
He stated some similarities betwwen Bitcoin and gold such as having limited supply and mineable characteristic.
However, Peter is not very much in favor of other cryptocurrencies which is a little discouraging for altcoin enthusiasts.
Headlines for the world of Cryptocurrencies - October 26, 2017Steve Wozniak, Co-founder of Apple Votes Bitcoin Over Gold / Bitcoin Wallet Abra Raised $16 million in Series B Funding / Hong Kong And Singapore Unite To Strenghten Fintech Ties And Blockchain Finance Projects |
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Headlines for the world of Cryptocurrencies - October 25, 2017Ledger Integrates Software To Intel's SGX Tech / Hyperledger Blockchain Consortium Has New Members Including Bosch And Wipro / GameCredits Bringing The Blockchain To Game Developers Signs A Deal With Unity Technologies |
Headlines for the world of Cryptocurrencies - October 24, 2017Bittrex Announced Their Plans On The Upcoming Bitcoin Gold Fork / Coincheck and bitFlyer, Japan's Largest Bitcoin Exchanges Has Announced Their Plans for the Bitcoin Gold Fork |
