Why Cryptocurrency in Singapore is a Must to Invest Source for Investors?

The market of cryptocurrency in Singapore is all time high right now. The guaranteed promise of making huge money with minimal investment has lured many individuals worldwide here, from students to entrepreneurs and professional traders. The continuously growing crypto mining has also impacted the graph to buy cryptocurrency in Singapore greatly.

The Cryptocurrency Regulations in Singapore

Cryptocurrency mining is considered legal within Singapore, even though they aren’t classified as any legal tender. In early 2018, the Minister of MAS and Singapore’s Deputy Prime Minister has announced that the agency have been working continuously to develop a regulatory framework for cryptocurrency payment services, which is intended to prevent terrorist financing and money laundering. This will also likely to impose a process of KYC and AML requirements on local exchanges. However, it also indicates that Singapore Government is trying to run a clear crypto industry here with lots of future opportunities for global investors.

Singapore’s Best Blockchain Projects

A number of exciting Blockchain projects are happening in Singapore with high level of business rewards for investors, such as KunoCoin, a blockchain based platform to promote your business globally using Wiki investments. The platform covers an exciting range of services, starting from a beneficial investment environment to a framework aiding with the procedure to establish a company to offering basic information necessary to sustain overseas business startups. With a great level of profit rewarding environment, KunoCoin can be a great blockchain project to buy cryptocurrency in Singapore.

The blockchain based air miles reward system KrisPay which is also adopted by Singapore Airlines and Open Trade Blockchain, developed by a company owned by Singapore’s Government to improve international trading in the ASEAN region, can also be exampled as the thriving blockchain environment of Singapore.

When it comes to cryptocurrency trading, acceptance and integration, Singapore is definitely way ahead from other countries. From the beginner traders to experienced crypto miners; Singapore is definitely a crypto heaven entirely suited for any crypto trader. This is because of the trading platforms are geared to support any trader interested to invest in the crypto world.

With the wide selection of cryuptocurrencies, advanced trading platforms, competitive fees and exciting IOTA availability for trading; if you are planning to buy cryptocurrency in Singapore, then it’s definitely a thumbs up for you. All the current signs point to the continuance of the trend that crypto will rise to the new milestones in the 2019 for sure.

If you are interested to invest in KunoCoin with guaranteed business rewards, get in touch with us by visiting our service website. You can get all the details of our platform by visiting here also.

Assessment and Audit in ICOs

Thousands of business ventures have flooded the market and the fast-changing dynamics of the crypto market has made it difficult for the investors to pick the right choice for investing their money in the right initiative.   

So the major question which pops in the mind of an investor is the matter of reliability and the factor of credibility. The terms like accreditation, adherence to standards, user feedback and reviews, financial audits and opinions would come to play here and the investor would thoroughly investigate every aspect before reaching to a conclusion.

When it comes to building trust and partnerships, there are many perspectives one can opt for and assessments from an independent and a dependable third party auditor on the organization can provide a large degree of assurance to its users.

Initial Coin Offerings (ICOs) also promise huge benefits to its customers. An unregulated means of fund raising that has gained popularity in the recent past, ICO are similar to the IPOs where  a stake of the new business venture for raising money for the entity.

Why is Auditing and Assessment necessary in blockchain?

A survey conducted in January suggested that there were 1384 alternative coins and the number was constantly growing.  This has also resulted in the diverse utilization of cases and benefits of the technology which has the potential of affecting many individuals and the way of conducting of their business.

Security for ICO and cryptocurrencies is yet to gain the pace at which the ICOs are growing. Several cyberattacks have led to derailment of the investors’ confidence in the cryptocurrencies. There aen’t many regulations etc for now. Companies try to seek unfair advantage from this and they lack security plans and implements. For saving the customers from any sort of unnecessary risk, many organizations offer audit services and assessments particularly on ICOs and the virtual currencies.

By implementing a secured environment, it provides confidence to the customers and investors for conducting business.