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RE: Singapore Confirms It Will Not ‘Ban’ Cryptocurrency, Has No ‘Risk Concerns’
I agree with you on the point that the next 6-12 months may set the stage for certain developments and directions, as their are so many unknowns in this space still, but as far as making things difficult, I really believe that 'where there's a will, there's a way'. If you look back through history, there are no really successful 'bannings' of anything. If 'someone' wants 'something' bad enough, there are means to obtain.
Right, but bitcoins value (for example) is still heavily predicated on the ability to cash out to local currency, no matter what anyone says to the contrary.
It's not established enough to stand on its own, not yet.
not sure what platforms are available to you where you are based, but here in Australia, I dont need to 'cash out', or revert back to local currency, to spend BTC. I am actually able to pay a bill, for example a utility bill, in BTC through a platform directly. (BPay in satoshi's, same as you would with the local Fiat). There are also multiple BTC ATM's being rolled out around the world allowing direct access to crypto's in local currency. There are also swipe cards being issued, that allow loading and spending BTC, automatically converting crypto's to local fiat. The balls rolling, and I really don't think it can be stopped. We, the people, have spoken!