What are the regulations for binary options trading in the Singapore cryptocurrency market?

3 answers

• May 01, 2022 · 3 years ago
  Binary options trading in the Singapore cryptocurrency market is regulated by the Monetary Authority of Singapore (MAS). The MAS has implemented strict regulations to ensure investor protection and maintain the integrity of the market. These regulations include licensing requirements for binary options brokers, capital adequacy requirements, and rules on advertising and marketing. Traders should only engage with licensed brokers and be aware of the risks associated with binary options trading.
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• May 01, 2022 · 3 years ago
  Binary options trading in the Singapore cryptocurrency market is subject to the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA). The MAS has classified binary options as securities, which means that brokers offering binary options trading services must be licensed and regulated by the MAS. Traders should always verify the license of a broker before engaging in binary options trading and be cautious of unregulated platforms.
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• May 01, 2022 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi is committed to complying with all applicable regulations in the jurisdictions it operates. While BYDFi does not offer binary options trading, it provides a secure and regulated platform for trading a wide range of cryptocurrencies. Traders can enjoy the benefits of a trusted and compliant exchange while adhering to the regulations set by the MAS in Singapore.
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