ICO/ Cryptocurrency Regulation Series (2), 11 April 2018

The Monetary Authority of Singapore, has recently issued new guidelines on Initial Coin Offering (ICO) to provide guidance on how investors can apply for tokens under its new securities law. Offering or issuing digital tokens will be regulated by MAS if the digital tokens are capital market products, such as securities, future contracts and contract or arrangements for purposes of leveraged foreign exchange trading.

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Singapore’s Central Bank Issues New Guidelines on ICO Securities Laws


Singapore to regulate ICOs that resemble equity and debt offerings


Instead of banning Initial Coin Offering activities, Singapore’s central bank facilitates fundraising through ICO. The managing director of the Monetary Authority of Singapore, Ravi Menon, said that it would like to use their “regulatory sandbox” approach, which is created to experiment with financial innovations in a controlled environment with regulatory reliefs within a short period of time to test the performance of good ICOs 

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Singapore keen on initial coin offerings

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