According to the Nikkei News, the Singapore Monetary Authority (MAS) announced on the 20th a ban on cryptographic assets (virtual currency) derivatives (financial derivatives) transactions on authorized exchanges. Institutional investors at home and abroad can reduce the risk of price changes in virtual currencies such as Bitcoin and carry out arbitrage transactions with the spot. MAS will include virtual currency in the regulatory object of the Securities and Futures Act derivatives, allowing virtual currency futures commodities to be listed on recognized exchanges such as the Singapore Exchange (SGX). So far, virtual currency has not yet become a regulatory object, and its positioning is not clear. The main trading participants of MAS are institutional investors such as hedge funds and asset management companies. MAS indicates that individual investors have high trading risks and it is strongly recommended not to trade. In order to make it difficult for individual investors to participate, MAS decided to set the margin required for the transaction to be more than 1.5 times that of institutional investors.