Quote from: Solosanz on August 20, 2022, 08:54:37 AM

Quote from: lizarder on August 20, 2022, 08:36:50 AM

They don't really have anything in common when it comes to bitcoin adoption, especially when their government doesn't invest some of the country's money in bitcoin, but Singapore's resources are very likely.
Maybe just a matter of time?

If we talking about matter of time, then the other countries will be same too. We're only need to wait until Bitcoin price already very high and it's less volatile

That's why I said about time, but the resources they have can allow it to be realized faster, so waiting for prices to rise will be increasingly difficult to determine the direction, isn't bitcoin legalizing as a means of payment can be done at any time, or is it limited to some products and services that can be used? used, but not generally

Quote from: Solosanz on August 20, 2022, 08:54:37 AM

You're wrong by saying Singapore is the most Bitcoin friendly after El Salvador, but the correct is Central African Republic.

Looks like you misquoted, I'm not saying Singapore is the most Bitcoin friendly after El Salvador, you can reread my posts and comments.

Quote from: btc_angela on August 20, 2022, 09:24:32 AM

So I wouldn't be surprised that up to this day, the government of Singapore is very incline to new technologies like crypto or bitcoin in general. Again, if they become a hub, good for us as they could have been one of the best countries for a crypto startup.

Singapore has abundant capabilities and resources, technology in the country is also quite developed, it is not impossible that Singapore will be the best country for crypto startups, but time is decisive and opportunities must be seen as positive, that's how developed countries work to accept something new.

Quote from: livingfree on August 20, 2022, 11:13:32 AM

The possibility is because that there's now a larger market from the crypto market and that's what they have to do filter transactions coming in and out from their country.

Maybe this mess is related to tera luna, as are some of the releases I've read, forcing them to review the standard rules, maybe it's also a way of suppressing decentralized transactions, so crypto is the only one that works and doesn't. have many entrances for other (Controling)

Quote from: Lucius on August 20, 2022, 12:47:49 PM

In that case, Singapore would be the first rich country/city that would accept Bitcoin as legal tender, which would be a departure from what we can currently see - which is that mainly poor countries are interested in Bitcoin in this sense. In this context, it makes no sense to compare Singapore with El Salvador, which are two completely different worlds, especially when it comes to welfare and economy.

It is not appropriate to compare Singapore with El Salvador in terms of economic growth, these two countries have vast differences. But I don't mean that, but rather the method of adopting bitcoin by El Salvador, so that Singapore can legalize bitcoin as a legal means of purchase at a later date, after regulations are established and the public begins to accept it.

Quote from: adzino on August 20, 2022, 02:36:57 PM

All they are doing is "regulate" crypto currencies to make it "more friendly" (more like to try and control decentralized currencies) for their own benefit. This doesn't mean they are "the second country" to follow the footstep of El Salvador. There are literally countries that are more friendlier and has better crypto currency regulation. So Singapore isn't the second or anything. You might call it the "third" if they do make it a legal tender.

My point is only on legal tender, but the comparison remains with El Salvador, because the only country that is trying to be different, towards the adoption and legalization of bitcoin, might be a third, fourth country for Singapore

Quote from: Findingnemo on August 20, 2022, 07:25:28 PM

Regulating is completely different from making it as legal tender, I don't see any trusted source says that bitcoin is going to have a legal tender status in a country like Singapore because its one of the business capital of the world and a country which try to adopt anything and everything if it benefits them so they are regulating which is good also bring more revenue.

But it also doesn't rule out the possibility, it hasn't been agreed by Singapore to make bitcoin a legal tender, this is just a discussion and analysis that I made. Based on the new rules they are starting to develop, but at least Singapore is starting to open up to a more advanced direction, in the context of crypto in general and bitcoin in particular.