Singapore regulator refuses to allow spot BTC-ETFs into the local market
The Monetary Authority of Singapore (MAS) has followed the US in refusing to allow Bitcoin-based spot exchange-traded funds (ETFs) into the local market because trading the asset through ETFs is not permitted by law. However, retail investors are allowed to trade shares of Bitcoin ETFs listed on foreign exchanges through local brokers licensed by the central bank.
Lianhe Zaobao Material
