24 Sep '13, 10am

Bitcoin payment processor GoCoin to ride Singapore's wave - CoinDesk

Bitcoin payment processor GoCoin to ride Singapore's wave - CoinDesk

As Singapore’s growth continues to challenge the world’s other financial services hubs, it’s also attracting bitcoin entrepreneurs who see it as fertile ground for a more disruptive kind of innovation. Singapore’s unique position as a fully independent city-state in the middle of Asia has served it well over the past few decades. Both policy decisions and geopolitical fortune have seen it achieve one of Asia’s highest standards of living, a high concentration of millionaires, and $450 billion in offshore assets under management (half of which are from China). Expats have long flocked to Singapore from Commonwealth countries, but new and wealthy communities have begun to arrive from places like Japan, Hong Kong, and the United States. They’re here for the money and tropical lifestyle, fleeing dormant economies and more forbidding regulatory environments back home – and have...

Full article: http://www.coindesk.com/bitcoin-payment-processor-gocoin-...

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