The Monetary Authority of Singapore (MAS) plans to regulate the trading of cryptocurrency derivatives, such as Bitcoin futures. It outlined the proposed changes in a consultation paper. The move aims to reduce the rising interest in cryptocurrencies from retail investors. MAS said the proposed regulations on the trading of payment token derivatives could soon be regulated under the Securities and Futures Act. The new measures are expected to kick in from June 2020.
Subscribe to our channel here:
Subscribe to our news service on Telegram:
Follow us:
CNA:
CNA Lifestyle:
Facebook:
Instagram:
Twitter: