Singapore may allow trading in bitcoin-based derivatives

Cryptocurrency

The Monetary Authority of Singapore issued a consultation paper on whether it should allow approved exchanges to trade in derivatives based on cryptocurrencies like bitcoin.

“There is international institutional investor interest, for example from hedge funds and asset managers, in payment tokens such as bitcoin and ether,” the MAS said when announcing the consultation on November 20. “These institutional investors have a need for a regulated product to gain and hedge their exposure to the

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