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.
“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)