You are here

CFA SINGAPORE INSIGHTS

Trading in cryptocurrency: is it acceptable?

While trading in speculative investments is ok, engaging in market manipulation is not

BT_20190105_CFA5_3659254.jpg
Digital token intermediaries operate mainly offshore and outside of regulators' ambits; investors who transact with these intermediaries may find it difficult to trace the operators if the platform collapses.

IN May last year (2018), the Monetary Authority of Singapore (MAS) issued a warning to eight digital token exchanges in Singapore not to facilitate trading in digital tokens that are deemed to be capital markets products under the Securities and Futures Act (SFA) without MAS' authorisation. It

sentifi.com

Market voices on: