How Singapore’s Bitcoin Scene is Punching Above its weight

Singapore is a tiny island state in Asia, a mix of the east and west, but has been making waves in the Bitcoin world. 1) It has the highest density of Bitcoin ATMs in the world There are 8 Bitcoin ATMs in Singapore from 4 different makers (2 of which are from Singapore), and they are all located around the central region. It boasts Asia's first Bitcoin ATM, as well as Asia's first Robocoin (2 way machine with cashing out). This has even led tourists from Czech republic…
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Czech Tourists tour the 8 ATMs in Singapore

This takes tourist destination to new levels! Published on Apr 14, 2014 We ventured to Singapore where there are currently up to 4 different ATMs - the Lamassu, Singaporean Numoni, Robocoin (this one will be also in the Czech Republic) and Tembusu (this one was unfortunately out of order). We got to try depositing as well as withdrawing Bitcoin. We rated the ATMs based on personal preference so please don´t take it too seriously and make your own opinion :) ATMs we tested: Lamassu: Design: 4/5 Ease of…
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Imaginary Markets: I’m on NHK! Bitcoin is Alive and Well in Singapore

You can see the video here at: Couldn't find an embed code. The news should have aired in China during evening primetime in a bitcoin world feature, this one is really quite positive on bitcoin compared to some of the other media coverage out there! Bitcoin is indeed Alive and Well in Singapore (pending future regulatory whirlwinds or "worldwinds" of course) It's a good worthwhile 4 minutes! The segment covered the prevalence of bitcoin ATMs in Singapore, as well as retailers taking the plunge into bitcoining, as well…
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Young Singaporean Interests: Bitcoin and Startups

Fittingly apt for the bitcoin atm capitol of the world, in a country that is trying to build up its innovation sector! Certainly didn't expect it to be so popular among the young Singaporeans. Thoughtbuzz feels the classical sectors are not keeping up with the trends. It is not surprising that most netizens in Singapore discuss stocks and foreign currency investments, considering the market is the regional financial and investment hub. A rising trend also has been discussions around Bitcoin, where the conversations tend to be about Bitcoin…
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Coin of Sale’s Tomas Forgac and Rajah and Tann’s Rajesh Sreenivasan at CNA on China Bitcoin

Coin of Sale's Tomas Forgac and Rajah and Tann's Rajesh Sreenivasan at CNA on China Bitcoin Coin of Sale is a point of sales solution for bitcoin and Rajah and Tann is one of the domestic Big 4 law firms for Singapore Tomas talks about the resilience of bitcoin, and Rajesh emphasises the need to engage with the global phenomenon that is bitcoin, that one cannot ignore it and hope that it will go away, for a technology that is growing incredibly popular not keeping pace would lead…
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Tomas’ Coinofsale Makes Coindesk!

You've previously seen it here, but Tomas' video is making its rounds worldwide! It has made it to coindesk, which you can see at: The early adopters The part-gallery part-café, Artistry, was the first place in Singapore to roll out Coin of Sale. CAD Café in the trendy Haji Lane was the next to follow suit. Now, more than 12 merchants in Singapore are using Coin of Sale – including a microbrewery, a printer shop and several restaurants and bars. Despite the Singapore government’s regulatory crackdown, Forgac says…
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Bitcoin @ NUS, Luv Khemani at N Corner on Bitcoin and Entrepreneurship

Local Exchange fybsg funder Luv Khemani was at NUS' entrepreneur corner to give a talk on bitcoin and entrepreneurship. Luv started with his time in NUS, as well as his first entrepreneurial venture that flopped and then the lessons he learned. Soon, it quickly moved towards bitcoin, which was a hotly debated topic amongst the audience which included a few people from overseas (on exchange?). Of the audience present, about 3 had bitcoins. What is bitcoin, as well as its potential for the future was explored, with the…
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Singapore Bitcoin Meetup Feb 13

Singapore Community Upbeat and Vibrant despite Global Bitcoin Gloom In Asia, Bitcoiners streamed into Bartini in Singapore for the monthly gathering and meetup. Despite the global gloom and doom from the malleability issues, price crashes and DDoS attacks, there was much more people compared to previous events. Being in a unique position between the east and west, there were also many people arriving from around the world. There were miners, enthusiasts, investors, businesses and some from public bodies. Bitcoiners gave presentations on varied topics, as well as current…
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New Singapore Bitcoin Regulations, for exchanges and ATMs regarding Money Laundering and Terrorist Financing prevention

Singapore, 13 March 2014 … The Monetary Authority of Singapore (MAS) said today that it will regulate virtual currency intermediaries in Singapore to address potential money laundering and terrorist financing (ML/TF) risks. 2   Virtual currency transactions, given their anonymous nature, are particularly vulnerable to ML/TF risks. To address this, MAS will introduce regulations to require virtual currency intermediaries1 that buy, sell or facilitate the exchange of virtual currencies for real currencies to verify the identities of their customers and report suspicious transactions to the Suspicious Transaction Reporting The…
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