Singapore could embrace Bitcoin first

• Singapore has consistently been extremely open to cryptocurrencies and blockchain technology.
• CoinShares’ chief strategist Meltem Demirors feels that Bitcoin has failed to remove intermediaries from its operations.

Bitcoin bull and Morgan Creek Digital co-founder Anthony Pompliano believes that Singapore will be the first country to embrace Bitcoin. He shared this while speaking on CNBC’s Squawk Box alongside CoinShares’ chief strategist Meltem Demirors. Pompliano said:

“…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,.”

Singapore has consistently been one of the foremost leaders in blockchain and crypto adoption. As reported by FX Street, they have abolished GST taxation on all crypto transactions. Along with that Singapore’s central bank and certain industry players have…