Singapore

Crypto-regulations by the crypto-favoring countries

Belarus The country allows its citizens to purchase, sell, mine the altcoins, trade crypto-assets for Belarusian rubles, forex, and electronic currency, as well as to create their own cryptos. Not only this, the country has removed any tax on holding the crypto till Jan.1, 2023. Now, that’s a very crypto-friendly take indeed! Japan Japan’s regulatory […]

Experts expect Asia to play lead development role across the world

Asia is expected to lead the development of blockchain technology worldwide, with China among the key countries to watch next year, according to experts. Jason Potts, professor of economics and director of the Blockchain Innovation Hub at RMIT University in Melbourne, Australia, said Asian countries, including China, Singapore, South Korea and even Vietnam, are making […]

This Year Proved Asia Is Ahead in Crypto-Blockchain Adoption

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Michael Ou is CEO of CoolBitX, a blockchain security company and creator of the first hardware wallet that enables bluetooth-to-smartphone pairings. In 2019, it became clear that Asia was […]

What is China’s digital currency plan?

The central bank has been quietly working on the project for five years. What do we know? Since 2014, China’s central bank has been working on a project called “DC/EP”: Digital Currency/Electronic Payments. Yi Gang, the governor of the People’s Bank of China, said the plan was not to create a new currency, such as […]

Monetary Authority of Singapore (MAS)

INTRODUCTION TO THE LEGAL AND REGULATORY FRAMEWORK While there is a wide variety of cryptocurrencies and digital tokens with differing characteristics, most cryptocurrencies are a cryptographically secured representation of a token holder’s rights to receive a benefit or to perform specified functions. However, from a legal perspective, it is critical to distinguish between these digital […]

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