HONG KONG - Singapore's central bank plans to bring bitcoin and other similar cryptocurrency futures traded on approved exchanges under its regulation in response to interest from international institutional investors, it said on Wednesday.
In a consultation document, the Monetary Authority of Singapore said that it had seen interest from institutional investors in trading "payment tokens" like bitcoin and ether, who "have a need for a regulated product to gain and hedge their exposure to the payment tokens.
Some U.S.-based exchanges including the Chicago Mercantile Exchange and ICE Futures US, already allow trading of bitcoin futures.
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