I saw this article today:
https://news.bitcoin.com/singapore-regulatory-framework-cryptocurrency-payment-services/ about paying with cryptocurrencies in Singapore.
The central bank has finalized the new regulatory framework for payment services and they have included cryptocurrencies.
I think this is the future of banking and something that all countries should start doing.
The plus of making this change in the financial system is that there will be less money laundering and terrorism financing risks in the crypto world which is good for normal people that have hope and invest in online coins but bad for the ones that use the online coins for the reasons mentioned before.
What do you think? Is it a good idea to introduce cryptocurrencies in the financial systems of the world's countries?
here in my country bitcoin and few exchanges for it are already registered with Central Bank only years ago but still it is not totally introduced as a new medium of payment. The authority still wants to keep an eye to it and manage the risks involved however it is already accepted in some restaurants in selected places. It is a Good News that one of the progressive country in the South East Asia already introduced bitcoin and is accepted as new way to pay services, I am looking forward that my country will be on the same acceptance of the cryptocurrencies.