Singapore Proposes Oversight of Bitcoin (BTC) Futures Markets

Singapore’s Central Bank wants to exercise oversight over crypto exchanges, also including the markets for futures, reported Reuters. The country thus wants to become a stage for transparent, legal sources of (BTC) trades and control over other types of exchanges.

The bank wants to offer a market that has been made safe and regulated, instead of choosing a piecemeal ban to protect consumers. However, the Singapore Monetary Authority has also noted institutional interest in trading digital assets, including BTC and (ETH) among others.

The MAS has entered a consultation period until December 20, to determine the best approach to offer inst…

This article appeared first on Cryptovest

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