SGX has no immediate plans to allow crypto listings, CEO says, Money News
Top Stories Tamfitronics SINGAPORE — Singapore Exchange (SGX) has no immediate plans to allow cryptocurrency listings on its bourse, its chief executive Loh Boon Chye said on July 9, adding that conditions are still not ripe for such a move.Speaking in an interview at the Reuters Next conference in Singapore, Loh said "not at the moment", when asked whether SGX would be open to crypto listings."I think for any new product launches, it's important for this to have a sustainable ecosystem support," he said. "That really means demand, that really means governance, that really means structure."The US Securities and Exchange Commission's approval this year of US-listed spot bitcoin exchange traded funds (ETFs) marked a watershed moment for the crypto industry and triggered similar moves globally.Asia got its first spot cryptocurrency ETFs in April with the listing...