13 Mar '14, 2pm

Singapore will regulate Bitcoin to prevent 'money laundering and terrorist financing' by

Fear of illegal activity drives Bitcoin regulation in Singapore. Today the Monetary Authority of Singapore (MAS), the country’s central bank and financial regulatory agency, formally announced its decision to regulate virtual currencies “to address potential money laundering and terrorist financing (ML/TF) risks.” In its public statement, the MAS claims that virtual currencies such as Bitcoin are particularly vulnerable to money laundering and terrorist financing risks. According to the agency, any firm that buys, sells, or facilitates “the exchange of virtual currencies for real currencies” will be required to “verify the identities of their customers and report suspicious transactions to the Suspicious Transaction Reporting Office.” The MAS claims that these regulations are “similar to those imposed on money changers and remittance businesses who undertake cash transacti...

Full article: http://venturebeat.com/2014/03/13/singapore-will-regulate...

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bloomberg.com 13 Mar '14, 11am

Singapore plans to regulate virtual-currency intermediaries including operators of Bitcoin exchanges and vending machines ...

Singapore will regulate Bitcoin exchanges to co...

thenextweb.com 13 Mar '14, 12pm

Singapore’s central bank announced today (via BBC ) that it will regulate virtual currency intermediaries which operate wi...

Singapore will regulate Bitcoin exchanges to co...

thenextweb.com 13 Mar '14, 11am

Singapore’s central bank announced today (via BBC ) that it will regulate virtual currency intermediaries which operate wi...

Singapore government changes its mind, will regulate Bitcoin after all

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techinasia.com 13 Mar '14, 10am

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Singapore to Regulate Bitcoin Exchanges and ATMs

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coindesk.com 13 Mar '14, 11am

The Monetary Authority of Singapore (MAS) is to regulate virtual currency intermediaries in order to address potential mon...

Singapore to regulate virtual currency exchanges to combat risks from money-laundering or terrorism-related...

Singapore to regulate virtual currency exchange...

bbc.com 13 Mar '14, 11am

13 March 2014 Last updated at 11:02 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Sin...

Singapore clamps down on Bitcoin exchanges with...

pcworld.com 14 Mar '14, 5am

Singapore plans to regulate local Bitcoin exchanges to stop the virtual currency from being used in money laundering and t...

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bbc.co.uk 13 Mar '14, 11am

13 March 2014 Last updated at 11:02 Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Singapo...

Singapore clamps down on Bitcoin exchanges with...

pcworld.com 14 Mar '14, 5am

Singapore plans to regulate local Bitcoin exchanges to stop the virtual currency from being used in money laundering and t...

Singapore the second country in the world, following the U.S., to regulate virtual currency:

Singapore the second country in the world, foll...

cnbc.com 14 Mar '14, 3am

Under proposals from the Monetary Authority of Singapore (MAS), intermediaries will have to verify the identity of their c...

Singapore to regulate virtual currency

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