Singapore Establishes ICO GuidelinesSingapore Establishes ICO Guidelines
By Sheevika Senanayake - December 3, 2018

Singapore’s central bank, the Monetary Authority of Singapore (MAS) has created a guideline to raising money via ICOs, titled “A guide to digital token offerings”. The guide offers general guidance with regard to the country’s securities laws in relation to digital tokens. As expected, the guideline also stresses the instructions regarding anti-money laundering compliance as well as Countering Financing of Terrorism (CFT) policies. Further, it states that even if the token is not a security, the project still needs to determine its level of compliance with AML and CFT.