SGX CEO States No Imminent Approval for Cryptocurrency Listings

Tuesday, 9 July 2024, 06:49
SGX's CEO, Loh Boon Chye, announced that there are no current intentions to permit cryptocurrency listings on the exchange due to unfavorable conditions. This decision underscores the cautious approach of SGX towards crypto assets amid evolving market dynamics and regulatory uncertainties.
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SGX CEO States No Imminent Approval for Cryptocurrency Listings

Singapore Exchange

CEO Loh Boon Chye stated that SGX has no plans to permit cryptocurrency listings, citing unripe conditions.

Market Dynamics

  • Caution: SGX taking a conservative stance on crypto amidst uncertainties.
  • CEO Insight: Loh Boon Chye emphasizes the lack of immediate approval for crypto listings.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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