Here comes the regulations... In fairness, Singapore's regulatory regime for btc is quite rational. It isn't surprising that Singapore is the first big economy to embrace btc. After all, Singapore's always been thought off as one of the most liberal economies in the world.
Regulation discussion here: Singapore Taxes Bitcoin: How New Taxation May Be Exactly What Bitcoin Needs
Regulation discussion here: Singapore Taxes Bitcoin: How New Taxation May Be Exactly What Bitcoin Needs