Singapore’s central bank, MAS, announced that spot Bitcoin exchange-traded funds (ETFs) are not allowed.
In the statement made by MAS abroad Investors trading with Bitcoin ETFs be as cautious as possible It was stated that it was necessary.
Singapore central bank, cryptocurrencies “highly volatile and speculative in nature” is, these individual investors He explained that there are no suitable investment instruments for
“Spot Bitcoin ETFs Its offering to individual investors is not approved by MAS. Despite this, those who choose to trade with Bitcoin ETFs in foreign markets should be extremely cautious.” It was said.
Officials in Singapore have witnessed firsthand some of the collapses in the cryptocurrency industry. Before the bankruptcy of the sector one of the largest hedge funds One, Three Arrows Capital, was formerly headquartered in Singapore. Authorities allowed the company’s founders, Zhu Su and Kyle Davis, to enter the capital markets. banned for nine years.