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TechFlow reports that the Monetary Authority of Singapore has stated spot Bitcoin ETFs are prohibited from listing in the country, as they do not qualify as eligible assets for ETFs and are not regulated under the Securities and Futures Act.
Individual investors may access spot Bitcoin ETFs listed overseas through local brokers, but authorities emphasize that cryptocurrency investments carry high risks and retail investors should exercise extreme caution.
The Monetary Authority of Singapore stated that spot bitcoin ETFs are prohibited from listing in the country, as they do not qualify as eligible assets for ETFs and are not regulated under the Securities and Futures Act. Retail investors may access overseas-listed spot bitcoin ETFs through local brokers, but authorities emphasized that cryptocurrency investments carry high risks and retail investors should exercise extreme caution.
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