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Singapore ‘not ready’ for Bitcoin ETFs, sneaky crypto mining rig importer: Asia Express

Singapore ‘not ready’ for Bitcoin ETFs, sneaky crypto mining rig importer: Asia Express

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Source: Coin Telegraph

Singapore isn’t in a rush to list crypto ETFs, according to SGX CEO this week as Philippines charges two over a $6M XRP hot wallet hack.

Our weekly roundup of news from East Asia curates the industrys most important developments.

While several nations have approved the listing of cryptocurrency-based exchange-traded funds, Singapore, a key financial hub in Asia, is apparently not ready.

Singapore Exchange (SGX) CEO Loh Boon Chye said so in a conference hosted by Reuters on July 9, stating that SGX is currently not open to crypto listings.

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Author: Yohan Yun