Deputy Prime Minister of Singapore: we have no reason to ban encryption currency trading

Deputy Prime Minister of Singapore: we have no reason to ban encryption currency trading

Singapore’s central bank has conducted the research to the crypto currency and trade mode, the country’s Deputy Prime Minister stressed that there is no reason to ban public encryption currency trading.

Singapore Deputy Prime Minister and central bank chief TharmanShanmugaratnam delivered a speech at the Council meeting yesterday. At that time there were three members question whether the prohibition of encryption currency transactions may.

These few members mentioned China banned domestic exchanges and South Korea on the local market harsh policies, then they asked whether the central bank may take measures to ban bitcoin currency trading or encryption.

Deputy Prime Minister pointed out that “crypto currency is an experiment” – the users scattered around the world, is still in the early stages of development. He said that now the definition of encryption currency success too early. The central bank official also pointed out that once the encryption monetary success, its impact is also widely need time to know.

For whether Singapore may be taken with Chinese similar policy, Shanmugaratnam is given a more direct response:

The monetary authority of Singapore (MAS) is closely related to the research progress and potential risk of. As of now, we have no good reason to ban encryption currency trading. But we will comply with the requirements of anti money laundering provisions of our relevant agency.

Shanmugaratnam published last year with the view of President MAS RaviMenon’s view is similar. He said bitcoin itself does not pose a risk, also do not need supervision, but exchange operators such intermediaries need to be regulated, such enterprises must abide by the existing anti money laundering and terrorism financing laws and regulations.

Shanmugaratnam also mentioned in his speech yesterday:

At present, there are two cases of encryption currency. The first is the payment; second is becoming more and more important, is the encryption currency itself is an asset. The transaction is to obtain the crypto currency income from.

In addition, he also revealed that the crypto currency exchange regulation will make other encryption currency bitcoin is included in the retail payment services by the scope of supervision, and the public should also be aware of crypto currency investment risk.

Fell sharply in recent weeks the price of bitcoin which proved there is a risk.

However, the official stressed that the Singapore authorities will adopt an open and prudent manner to the development of encryption currency.

He said:

We will continue to encourage the blockchain test field, these tests can be related to money, because this kind of innovation may have an effect on the economic or social aspects. But at the same time we will focus on the new risk.

Kuwait’s Ministry of Finance said bitcoin does not recognize

Kuwait’s Ministry of Finance said bitcoin does not recognize

According to reports, the Ministry of Finance said Kuwait does not recognize bitcoin, and prohibit financial institutions use bitcoin transactions.

According to the Arabia times, from the Ministry of finance sources explained that after the recent bitcoin prices soaring, the Central Bank of Kuwait does not allow financial institutions, banks and Affiliated Companies bitcoin transactions.

However, the sources added that the Ministry of Finance and central bank are not more common regulatory bitcoin transactions, because they do not recognize bitcoin. In addition, some sources said bitcoin transactions “out of control”, because it is managed through the internet.

The source added, because bitcoin did not get the support of the central government, the central bank risk had asked the Ministry of Commerce and industry departments to take measures to inform consumers of bitcoin.

The Arabia Times reported on 16 December, in the aftermath of the recent rise in the price of Kuwait is in the forefront of citizen bitcoin trading “”. From the public prosecutor’s news that Kuwait law does not prohibit online transactions, because it belongs to the “electronic legal procedure”.

“However, from abroad connected to Kuwait’s bitcoin income is considered illegal and not clean money, because Kuwait law does not consider these currencies,” the source said.

In other parts of the Middle East, Arabia and the United Arab Emirates in February this year the central bank made it clear that bitcoin is not prohibited in the country.

Prior to this, the central bank China in January 1st released a digital payment framework, provides that “all virtual currency (and any transaction) is prohibited”.

The bank said in its update: “these regulations do not include virtual currency,” virtual currency “is defined as any kind of digital unit is used as a medium of exchange, unit of account or a stored value form.”

Liu Qiangdong: buy a ticket Jingdong in the future may also be available in the United States to accept bitcoin bitcoin

Liu Qiangdong: buy a ticket Jingdong in the future may also be available in the United States to accept bitcoin bitcoin


The United States in the bitcoin, this is after Liu Qiangdong America back on the “Boss hall” program, when asked whether bitcoin speculation, his answer and make people feel very interesting:

“I never buy bitcoin, stock, do not do the financial operation of the virtual; since I since the start, only do business.”

When asked whether the Jingdong will accept bitcoin, or the creation of this virtual currency himself when he replied:

“Consumers, if users accept bitcoin, then the Jingdong in the future may also accept bitcoin.”

Of course, this is after the speech, in the current environment, may say another speech in the east. However, with Amazon, the user always has the final say. Look forward to the future.

India for bitcoin regulatory framework views end the government will consider bitcoin legalization

India for bitcoin regulatory framework views end the government will consider bitcoin legalization

With the government of India for a bitcoin regulatory framework to the public opinion the activity ended, about bitcoin legalization debate between the members of Parliament in India began to intensify. At the same time, bitcoin transactions in the country remains strong.

In last week’s Congress Standing Committee meeting, the India Parliament for bitcoin regulatory issues has been heatedly debated.

India’s main business newspaper “economic times” (EconomicsTimes) said that some members of Congress members including BJP KiritSomaiya, “a warning to the Ministry of finance officials attending the meeting, to oppose any bitcoin legalization initiatives.”

A source revealed:

“Members” worry, bitcoin may become a convenient tool for money laundering and underground transactions, or become a source of terrorist financing.”

They hope that the government of India on bitcoin weakness. Many opposed bitcoin bitcoin Somaiya will be called “illegal” currency, and put forward a series of problems. He asked the India government officials, why the government of bitcoin attitude to ready to accept either course.

He also wanted to know whether the officials properly to the prime minister informed the risk of bitcoin.

India may soon implement regulatory bitcoin

At present, the India government has been considering the bitcoin legalization. Last week, the Ministry of Finance for bitcoin regulatory advice to the public, how to effectively adjust bitcoin. The deadline is May 31st time, the Ministry of finance has received 3357 comments. Most of them support the adjustment of bitcoin.

Co founder and CEO Hersham Lehman Bitxoxo bitcoin online said in an interview,

“Specification for bitcoin regulation will solve many of these concerns and questions, including market recognition and customer trust, investment security, anti money laundering, free trade mode. For example, the powerful eKYC and the illegal bitcoin transactions punishment will help to properly complete the transaction, which will eliminate all illegal activities of any type of opportunity.”

India gangster karzac Gigel? (KarthikIyer) also put forward his views on this situation:

If bitcoin does not have a comprehensive monetary value in exchange, the government should consider bitcoin as a commodity. There are a lot of market arbitrage, regulate bitcoin regulation can bring a lot of wealth for India bitcoin traders.”

Bitcoin transactions in India continue to rise

At the same time, bitcoin transactions in India has surged. Last week, the price of a single bitcoin soared in the world. In the boom period, bitcoin supply of India limited, India bitcoin price exceeds the global average of nearly $one thousand. It also increased the India government to strengthen bitcoin regulatory pressure.

This month, India’s leading bitcoin broker Zebpay announced more than 500 thousand times milepost application download has reached more than 2500 users, increasing every day. Zebpay said: “in order to keep up with the surge in the number of new users and transaction Zebpay announced that due to the bitcoin shortage, every day we temporarily only allow the user to buy 50 thousand rupee coins.”

New user growth is also the cause of India bitcoin trading volume is not stable. Many of the India Stock Exchange (such as Coinsecure) had to suspend the service. According to the chief executive of MohitKalra Coinsecure to the customer’s statement, “the number of our website users growing exponentially, resulting in slow and pressure.”

At the same time, transaction data in the P2P platform in Localbitcoins, India rupees to buy bitcoin trading volume hit a record high, or a week before the rupee exchange bitcoin two times.

Roger Ver: hard bifurcation is a kind of good, two bitcoin than a good

Roger Ver: hard bifurcation is a kind of good, two bitcoin than a good

After months of heated debate about whether bitcoin should be expanded, at present still seems unable to agree. The community at a crossroads in the branch network will exist two different views of the block size increased from 1MB to 20MB.

However, in a proper way to get the most effective nodes, miners and the remaining biological networks is a very important problem. One camp believes that the current network can only handle 7 transactions per second, which is very weak and competitive. Another camp that push hard bifurcation will withdraw the transaction, contrary to this basic principle and block chain technology and can not change the books.

RogerVer: Ethernet square division is a good thing

For bitcoin is becoming a critical moment in the global digital currency of choice should be expansion, CoinTelegraph and Bitcoin.comCEO have ‘bitcoin Jesus’ said RogerVer had a conversation. When asked whether the expansion will cause the bitcoin community as the etheric Fang as divisive, Roger said:

“The market has clearly demonstrated the etheric Fang One divides into two. is a good thing, because after the division of its market value increased. I think that the two camps each in their own way of development is not compatible with the bitcoin version, this will be a good thing.”

CoinTelegraph (CT): why bitcoin hard bifurcation is a necessary step?

RogerVer: any time, if the two camps are not compatible with the opinions, they should go their own way.

CT: how to explain some of the hard bifurcation hostility?

RV: I think in the bitcoin ecosystem is 99% Theymos (/r/Bitcoin hostile policy (Moderator) is not allowed in the main bitcoin he control platform for discussion there are different views on the direct result). In fact, those who press because of some of the viewpoints of people almost never complained about the policy of Theymos, some people even openly support to suppress different views, it is to produce these adding the trimmings. Before that, almost no anger or hatred. Fortunately, /r/BTC and are able to provide an open discussion of alternative platform for people.

BregMaxwell /r/Bitcoin publicly refused to condemn the censorship.

Have two options for bitcoin

CT: do you think that in the near future, bitcoin can expand and there would be no significant consequences?

RV: I don’t think hard bifurcation as some people think it is a big problem. Some people love the etheric Fang called bifurcation is a disaster, but I don’t think so. The real tragedy is that the poor design of TheDAO.

CT: so hard bifurcation will reduce the bitcoin distrust and value propositions of this view and how to speak?

RV: I don’t think there are two kinds of bitcoin options is a bad thing. I am very happy to have a lot of choices in my life, I don’t think there are more choices with money.

CT: This is not to reverse the global bitcoin use and investment?

RV: global investment and the use of bitcoin has been shelved, because the current BitcoinCore development team has been ignored by enterprises all over the world and users, and refused to keep up with the demand for expansion of bitcoin. Once in the bitcoin market capitalization and trading volume in the market share of encryption currency should be more than 95%. Now the two dropped to 79% and 60% respectively. Careful people can understand, this is a huge warning — if that continues, bitcoin will become the field of (encrypted currency was very influential social network, but with the rise of micro-blog and other social forms finally completely marginalized). I know a month there are 100 million active users of the company set aside the integration of bitcoin, because bitcoin is not allowed for expansion. We can directly use the lack of global bitcoin blame the BitcoinCore team. We are busy with the formation of a competitive team, before attempting to complete loss of leadership in the bitcoin save it.

EthereumClassic is really the etheric Fang

CT: the contradiction between basic principle and the blockchain rollback transaction?

RV: don’t think contradiction, however, most users do not think so the etheric fang. I did not pay attention to the etheric Fang questions carefully, but from what I know, I think EthereumClassic is really the etheric fang.

CT: do you think bitcoin hard bifurcation will be?

RV: ideally, everyone will join the field of bitcoin, because they will find that bitcoin is one of the most attractive.

However, RogerVer’s remarks some users feel uncomfortable.

Netizen JeffPerkowitz said: this guy will bitcoin bifurcation from now on the chain, but claimed that EthereumClassic is truly the etheric fang. This guy is a serious idiot.

But some people said: hurry up bifurcation, I hope to be able to use bitcoin in a rapid speed of transactions.