The Monetary Authority of Singapore (MAS) has issued new guidelines on ICO issues and token sales. The changes list multiple actors within the token sale environment and aim to bring the fundraising in line with money laundering and terrorism financing laws.

Due to relatively lenient regulations, Singapore had been one of the hubs for basing startups and launching token sales. The city-state saw about 8.3% of ICOs based under its jurisdiction, raising more than $340 million until the markets peaked. However, with the general drop in…

This article appeared first on Cryptovest

Like this: Like Loading...