Singapore Looks to Regulate ICOs By Cracking Down on Digital Tokens
Posted: Mon Jul 31, 2017 8:49 am
One of the needling issues in the cryptocurrency industry is the classification of the ICOs and how it needs to be regulated.
In response to this, the Monetary Authority of Singapore (MAS), has said that the offer or issue of digital tokens would be regulated by it if the digital tokens constitute products regulated under the Securities and Futures Act (Cap. 289) (SFA).
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The digital tokens are issued as part of Initial Coin Offerings (ICOs) as a means of collecting funds from the investors. The investors get the digital tokens ... (read more)