Singapore to abolish GST on cryptocurrency.
As the world is moving forward so are the payment methods.
You would probably remember the time when people use to carry flocks and other utilities across borders to sustain themselves.
This changed when money took the form of Gold and more mobile.
Slowly the money took the form of paper and ultimately card to suit the convenience of the travelers.
Although it became easier for the travelers to travel. Although this did not eliminate the cost of currency exchange. Moreover, this currency was not even a problem at the time when Gold was the only form of money.
After years of Fiat cryptocurrency came into existence in 2009 as a medium of exchange and that too without the hefty amount of fee involved.
After the 2017 Bullrun, we have seen an exponential number of people laying eyes on the asset and considering it as a valuable asset for investment. With the ease of transferring money in a short time and with the lowest fee involved people tend to love this money2.0.
With the news of Singapore planning to abolish the taxes on cryptocurrency, it’s almost time we see a rush of people adopting crypto as an investment asset more than before.
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