• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
Singapore could embrace bitcoin first
Nexo

Singapore Could Embrace Bitcoin First, Pompliano Tells CNBC

Anja van Oosterhout by Anja van Oosterhout
3 years ago
in Bitcoin News, Bitcoin, Bitcoin Regulation, Bitcoin Technology, Blockchain, News, News teaser
0
Advertisement

Singapore could be the first country in the world to embrace Bitcoin, one of cryptocurrency’s best-known commentators has told mainstream media. 


Singapore Saying ‘Bring It On!’

Speaking on CNBC’s Squawk Box segment July 30, Anthony Pompliano, co-founder of Morgan Creek Digital, said Singapore’s proactive stance on regulation could leave the rest of the world racing to catch up. 

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The debate, which also featured CoinShares’ chief strategist Meltem Demirors, aired the same day US politicians held the latest in a series of hearings about Blockchain and crypto regulation. 

“…Look at Singapore; Singapore’s saying, ‘Bring it on! We’re going to provide rules, we’re going to give you clarity and we want these companies here – we want the innovation, we want the entrepreneurs to come in,’” Pompliano explained.

Which country will embrace Bitcoin first?? 👀

Had fun on @SquawkCNBC with @andrewrsorkin @MelissaLeeCNBC @JoeSquawk @Melt_Dem and @elerianm this morning. Give them each a follow! pic.twitter.com/Ic3XD5osIe

— Pomp 🌪 (@APompliano) July 30, 2019

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

As Bitcoinist has previously reported, Singapore remains one of the most developed jurisdictions for crypto businesses worldwide. 

Authorities sought to give innovation more room for maneuver early on, with state-sponsored implementations of blockchain in particular already slated for a major rollout next year. 

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

Specifically, Project Ubin, a joint effort by Singapore’s central bank and industry players, focuses on payments and securities clearance using so-called distributed ledger technology (DLT). 

Demirors Cautions On Bitcoin Intermediaries, Coinbase

Pompliano meanwhile has become increasingly vocal about his Bitcoin support online in recent months, taking the cause to some of its other naysayers such as gold bug Peter Schiff. 

By contrast, Demirors was less optimistic about the prospect of even proactive regulation. Bitcoin, she argued, was designed to eliminate middlemen who exercised unfair control over the system, but the industry is now ironically hoping those same middlemen will permit them to operate under their terms. 

“What the United States is saying is that you can have Bitcoin so long as you play by our rules,” she countered.

Referencing this week’s scandal involving a hacker stealing the data of 100 million US customers at credit card provider Capital One, Demirors added that even ‘on-side’ actors such as cryptocurrency exchanges – notably US leader Coinbase – fall under the same ‘middleman’ tag.

She continued:

“…This whole movement is about eliminating our dependence on intermediaries… we see large scale systemic risk coming from these large institutions and so the idea of Bitcoin doing away with these intermediaries is a good one, but we’ve become more and more dependent on intermediaries than ever.”

In the current climate, governments worldwide remain highly varied in their treatment of cryptocurrency, with India this month announcing it is among the few considering outright criminalization of its use.


Which country do you think will embrace Bitcoin first? Let us know in the comments below!


Images via Shutterstock, Twitter: @APompliano

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Anja van Oosterhout

Anja van Oosterhout

Related Posts

Bitcoin

Bitcoin Will Beat Gold As Store Of Value, MicroStrategy CEO Says

3 hours ago
Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

12 hours ago
Bitcoin Miners Continue Distribution, Bad Sign For The Rally?

Bitcoin Miners Continue Distribution, Bad Sign For The Rally?

18 hours ago
Blockchain

Blockchain Industry Workforce Grows 80% This Year, Study Shows

1 day ago
UNCTAD, document heading

UNCTAD Wants To Curb Crypto Adoption In Developing Countries. Of Course They Do

3 days ago
Bitcoin Crypto

Crypto Market Sees $510M Futures Flush As Bitcoin Breaks $24.5k

4 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.