Singapore Proposes Allowing Bitcoin, Ether Derivatives Trading on Approved Exchanges
The Monetary Authority of Singapore (MAS), the city-state’s de facto central bank, may soon allow cryptocurrency-based derivatives to be traded on regulated platforms.
The MAS published a consultation paper on Wednesday, seeking to green-light what it calls “payment token derivatives” for listing and trading on “approved exchanges” in the country under its Securities and Futures Act (SFA).