Singapore Exchange: No Listing Cryptocurrencies for Now

IconCryptoNewsTerminal Staff09 Jul, 2024

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Singapore Exchange: No Listing Cryptocurrencies for Now

Singapore Exchange (SGX) CEO Loh Boon Chye recently stated that the exchange has no immediate plans to list cryptocurrencies. He believes that cryptocurrencies are still too volatile and speculative to be suitable for listing on a regulated exchange like SGX. He also mentioned that the lack of clear regulatory frameworks for cryptocurrencies adds to the uncertainty of listing them. However, Loh indicated that SGX may consider listing cryptocurrencies in the future, once the regulatory landscape becomes more certain and the volatility of cryptocurrencies decreases.