Pi Network - auto mobile mining: Join now and be one of the pioneers!!


Singapore has always been seen as a hub of digital finance. Many of the world’s major blockchain and crypto conferences are held there and a lot of the region’s exchanges have chosen the island nation for its welcoming climes. This week the country’s chief financial regulator opened its digital doors even wider with further approvals for crypto derivatives trading.

Green Light For Crypto

Singapore’s equivalent of a central bank, the Monetary Authority of Singapore (MAS), plans to allow the trading of derivatives involving crypto assets on regulated platforms and exchanges. According to the Nikkei Asian Review, the move could pave the way for regulatory oversight as crypto products become increasingly popular among investors.

The MAS has proposed changes to Singapore’s Securities and Futures Act, which will apply to approved exchanges including the Singapore Exchange (SGX) and licensed intermediaries. The Authority added that it had received inquiries from industry participants keen to list and trade crypto-asset derivatives.

“The trading of the most popular digital tokens has largely been on unregulated markets… where there have been allegations of fictitious trades, cornering and market manipulation,”

In an effort to attract international institutional investors the MAS is keen to quash fears of market manipulation by regulating exchanges and allowing crypto trading in safer conditions.

There are a number of overseas exchanges based in Singapore and derivatives are offered by companies such as IG and Oanda. The list of companies seeking regulatory approval on the island nation is increasing as crypto-assets continue to grow in popularity there.

According to the MAS consultation paper;

“A well-regulated market for payment token derivatives, particularly one anchored by institutional investors with sophisticated risk management and investment strategies, can serve as a more reliable reference for the value of the underlying asset.”

The central bank added that trading crypto assets such as bitcoin and Ethereum directly should carry the associated risk warnings for investors. This form of direct involvement is not suitable for institutional investors it stated.

The MAS added that it will require approved exchanges and licensed intermediaries to impose higher margins for retail investors and that payment token derivatives not offered by approved exchanges will not come under the Securities and Futures Act.

There are currently three approved exchanges in Singapore; SGX, the Asia Pacific Exchange and ICE Futures Singapore.

There have been reports that the Intercontinental Exchange’s (ICE) Bakkt platform is planning to expand its existing bitcoin futures products to include cash-settled options. The new contract may be offered via ICE’s Singapore based clearinghouse, ICE Clear Singapore, and traded on the ICE Futures Singapore exchange.

With the latest MAS approvals, Singapore is angling to become the institutional investor’s choice in Asia.

Will Singapore become the crypto hub of Asia? Add your thoughts below.

Image via Bitcoinist Media Library

No Comments

Be the first to start a conversation

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Pi Network - auto mobile mining

Become one of the pioneers!!

Random Posts


"Your Headline Here How I Made $4947 In 1 Month"

Lorem pretium lorem orci elit nunc imperdiet nec vel sit pretium hendrerit amet nec orci gravida gravida sapien purus massa

Quick Bio About Me

mypicmeLorem proin accumsan accumsan volutpat ut nullam odio eleifend libero quisque ipsum gravida eleifend dolor nunc sagittis venenatis orci eleifend lorem quisque venenatis non sagittis sagittis ipsum nunc.

lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris ornare congue lacinia auctor lorem quis quis lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris


  • Resource 1

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

  • Resource 2

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

Random Blog Posts

© 2021 Cryptoracle.info - Crypto News