The Monetary Authority of Singapore is reviewing the potential for the allowing of crypto derivatives trading. Consultation papers have been published and is under review with a deadline set on 20 December. The financial regulator in Singapore recently published a consultation paper, in which it sought to approve “payment token derivatives” for listing and trading on “approved exchanges” based in the country, under the provisions of its Securities and Futures Act (SFA). At present, the city-state has so far approved exchange platforms; Asia Pacific Exchange, ICE Futures Singapore, Singapore Exchange Derivatives Trading, and the Singapore Exchange Securities Trading Limited. In terms of the consultation paper, which the Monetary Authority of Singapore, claims to have been put together due to increasing demand from institutional investors who would like to make their entry into the crypto space, seeks to change all of that. For the time being, the consultation paper will remain under review, with December 20 set as the deadline for submissions of any feedback from interested parties. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Ethereum price analysis: ETH/USD tries to recover from downfall – cryptocurrencies news FX Street 3 years The Monetary Authority of Singapore is reviewing the potential for the allowing of crypto derivatives trading. Consultation papers have been published and is under review with a deadline set on 20 December. The financial regulator in Singapore recently published a consultation paper, in which it sought to approve "payment token derivatives" for listing and trading on "approved exchanges" based in the country, under the provisions of its Securities and Futures Act (SFA). At present, the city-state has so far approved exchange platforms; Asia Pacific Exchange, ICE Futures Singapore, Singapore Exchange Derivatives Trading, and the Singapore Exchange Securities Trading Limited.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
