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 Bitcoin (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 Ethereum (ETH) among others.
The MAS has entered a consultation period until December 20, to determine the best approach to offer inst...