Singapore calls cryptocurrencies illegal tender

The Monetary Authority of Singapore advises the public to act with extreme caution if they choose to invest in cryptocurrencies
20 December 2017   408

Yesterday the Monetary Authority of Singapore (MAS) published a press release in which it advises the public to act with extreme caution and understand the significant risks they take on if they choose to invest in cryptocurrencies.

MAS is concerned that members of the public may be attracted to invest in cryptocurrencies, such as Bitcoin, due to the recent escalation in their prices.

According to release, MAS considers the recent surge in the prices of cryptocurrencies to be driven by speculation and it reminds the public that cryptocurrencies are not legal tender.

MAS adds that there is no regulatory safeguard for investments in cryptocurrencies and most operators of platforms on which cryptocurrencies are traded do not have a presence in Singapore, thus it would be difficult to verify their authenticity or credibility.

Recently, we have reported that Kuwait’s Ministry of Finance said that it does not recognize bitcoin and forbids its trading in the Kuwaiti financial institutions.

Bitcoin White to Release iOS and MacOS Wallet

According to the roadmap of Bitcoin White, the wallet for iOS and Mac OS will be released on February 19, 2018
19 February 2018   76

Bitcoin White is a flexible and decentralized application platform designed to lower the threshold for developers. Using JavaScript as the programming language and relational database to store data, Bitcoin White is increasing the similarities between developing a DAPP and a traditional web application.

Bitcoin White team has already developed and released the version of its wallet for Windows, Linux and Android. According to the roadmap of Bitcoin White, the wallet for iOS and Mac OS will be released on February 19, 2018.

 Bitcoin White Roadmap
Bitcoin White Roadmap Fragment

The features of the wallet include asset management, account information, setting an additional password, blocking the account by block, and internal blockchain list of transactions.

At the moment of press, these are main market parameters of Bitcoin White:

Average price: $0,184621
24h volume: $48 806