Upstart crypto shows signs of growing up

Singapore

CRYPTOCURRENCIES have sailed past the wave of initial exuberance and are poised to mature further in terms of regulation, infrastructure and application, market watchers say.

As more attention starts to turn to the cryptocurrency space again, regulatory developments are gathering pace - the Monetary Authority of Singapore (MAS) began allowing the trading of payment token derivatives such as futures of Bitcoin and Ether this November, and also recently helped develop a blockchain-based prototype for multi-currency payments.