In a time when it seems like a score of governments are giving bitcoin the look of death (looking at you, China), it seems like there’s a shining light of positivity coming from Singapore — not terribly long after initially releasing a statement warning speculators of bitcoin pitfalls.
That’s because regulators at the Monetary Authority of Singapore (MAS) have told Coin Republic that they don’t plan on interfering with the use and adoption of the digital currency.
“Whether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene.”
It’s a great statement to read, particularly in the current climate, but it most certainly doesn’t represent a seal of approval from Singapore.
Still, it’s great news, and we hope more governments come out in support of such statements and bitcoin as a whole. (via CoinDesk)