Can Singapore lead the Bitcoin evolution in Asia ?

Physical bitcoins. Credit: Flickr/Antana

With cryptocurrency technologies emerging as a major force in the financial industry across the Asia Pacific, and rapidly gaining traction, Bitcoin and associated financial technology (fintech) innovations are increasingly a necessity for companies to maintain their competitive advantage.

To recap, Bitcoin is a “…virtual currency that has been devised for anonymous payments made entirely independently of governments and banks” according to the research of Björn Segendorf of Sveriges Riksbank, the central bank of Sweden.

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