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Singapore Poised to Allow Crypto Derivatives on Approved Venues

  • SGX, ICE and APEX are among approved exchanges for trading
  • Proposal responds to interest from institutional investors
Bitcoin And Other Cryptocurrencies Online As Its Stocks Soar
Photographer: Tomohiro Ohsumi/Bloomberg
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Singapore’s financial regulator has proposed green-lighting crypto-token derivatives to list and trade on approved domestic exchanges.

Under the proposal, trading of derivatives on common cryptocurrencies such as Bitcoin and Ether will be subject to the Securities and Futures Act, the Monetary Authority of Singapore said Wednesday in a statement. The plans are in response to interest from hedge funds and asset managers that trade such products, the MAS said.