Re: Singapore announced three prototypes of payments on the blockroom
so the country is realizing the potential of crypto currencies,and is trying to get digital , but the catch is there are doing that for their own currency which still be in controlled of their government and laws will be formulated on it too. Bitcoin is not going to benefit from it,whose whole idea is being decentralized and direct peer to peer transactions.smart move for the country and but nothing beneficial for btc.
Definitely, government will never adopt bitcoin, it will expose them of their corruption and how they steal money from the taxes people are paying. Bitcoin blockchain is so transparent that even a single satoshi moved is recorded and government official knows that
. They will rather spend billion of dollar researching for the kind of technology that will benefit them and keep their dirty secret out of the eyes of people.It is surprising that Singapore a few weeks ago was rumored to be closing down all the crypto currency services in the country following South Korea and China's attitude, but this time they made the opposite, I think this news needs to be confirmed with official links to avoid multiple interpretations.
japan has adopted bitcoin successfully so you do not have to worry, if there is a binding rule then kyc rules will apply more strictly to crack down on money laundering from corruptors.