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Briefing
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- ICO Guidelines – Singapore’s central bank, Monetary Authority of Singapore (MAS), published new guidelines for Initial Coin Offerings (ICOs) providing cases when token sales are considered securities and should be governed under securities laws, such as Securities and Futures Act (SFA) as well as Financial Advisers Act
- ICOs as Securities – Token sales considered as capital market products, defined as securities, contracts or arrangements for foreign exchange trading, such as shares, debentures, and collective investment schemes (CIS)
- Payments Service Framework – Will develop new payments service framework that will cover companies involved in virtual currency deals and exchanges to comply with anti-money laundering and terrorism financing laws
- Investor Protection – MAS Deputy Managing Director of Financial Supervision Ong Chong Tee said central bank is considering adding more regulations to protect investors in speech held on February 28, 2018
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Accelerator
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Market Disruption
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Sector
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Financial Services
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Organization
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Monetary Authority of Singapore (MAS)
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Source
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Original Publication Date
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November 15, 2017
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