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Singapore Proposes To Regulate Bitcoin Futures

Singapore Proposes To Regulate Bitcoin Futures

Singapore's central bank intends to attract bitcoin along with other comparable cryptocurrency stocks traded on authorized trades under its law in response to benefit in global foreign investors, it said on Wednesday. Market watchdogs are debating how and whether they need to govern the market. Many have concentrated their focus originally on investor protection problems given concerns regarding market manipulation and cryptocurrencies' volatility. Derivatives goods are a specific concern and MAS stated that it didn't consider bitcoin along with similar trades to be appropriate for trading by retail investors. Some U.S.-based trades such as the Chicago Mercantile Exchange and ICE

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