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Dec 23, 2013

Singapore Government Decides Not to Interfere With Bitcoin

Posted by in categories: bitcoin, business, economics, geopolitics, government

for Tech in Asia

Bitcoin

The Monetary Authority of Singapore (MAS), the country’s central bank, has decided not to intervene on whether businesses can accept Bitcoin as a means of transacting goods and services.

“Whether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene,” it told Singapore-based Bitcoin trading platform Coin Republic in an email.

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