Singapore and Thailand keep bitcoin ETFs at arm's length

Financial regulators dampen market expectations for crypto-linked funds

20240117 Bitcoin ETF

Bitcoin exchange traded funds were approved by the U.S. Securities and Exchange Commission in early January. © Reuters

DYLAN LOH and FRANCESCA REGALADO, Nikkei staff writers

SINGAPORE/BANGKOK -- Financial regulators in Singapore and Thailand have poured cold water on cryptocurrency-linked funds this week, even after their U.S. counterparts approved the introduction of such products there.

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