The approval of Bitcoin spot ETF by the United States is undoubtedly the most talked-about news recently, and the trend of this ETF has started discussions in various regions around the world. However, the regulatory authorities in Singapore recently made a strong statement, stating that they do not allow such financial products to be listed domestically.
According to Lianhe Zaobao’s report, a spokesperson for the Monetary Authority of Singapore (MAS) stated in an interview with the media that currently, Bitcoin and other cryptocurrencies are not qualified assets for retail Collective Investment Schemes (CIS). Therefore, MAS does not allow such financial products like ETFs to be listed in Singapore or marketed to retail investors, as cryptocurrencies such as Bitcoin are not classified as qualified assets for ETFs.
The MAS spokesperson emphasized: