Singapore: Cryptocurrency Is Not Legal Tender, Warning Companies Accepting Bitcoin Payments

Bitcoin Exchange Guide

Singapore Law Ministry Announces The Cryptocurrency Is Not Considered Legal Tender, Warning Companies Not To Accept As Payment. Cryptocurrencies have been working to find their place in various jurisdictions as countries around the world categorize them for tax purposes, payments, and more. As friendly as Singapore has been to this industry, the Ministry of Law has decided to impose a bill that ensures that cryptocurrency is not accepted as legal tender.

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