January 25, 2019 BY Valentina Kirilova

Monetary Authority of Singapore freezes securities token offering for regulatory breach

The Monetary Authority of Singapore (MAS) has today announced that it has stopped an ICO issuer from proceeding with its securities token offering in Singapore. Initial Coin Offerings (ICOs) have raised over $10 billion over the past two years, but reports indicate that nearly 80% of these fledgling startups will fail, either due to poor business planning, incompetent…

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