Singapore has no plans to regulate cryptocurrencies such as bitcoin, according to the head of the Monetary Authority of Singapore. However, some laws are being formalized that could apply to some cryptocurrency activities and initial coin offerings
This is interesting as I do not see the benefit for Singapore, and I would say in the near future there will be regulations in place.
It just makes sense ..........
This is interesting as I do not see the benefit for Singapore, and I would say in the near future there will be regulations in place.
It just makes sense ..........
so scammers can making ICO based in singapore and don't be disturbed by authorities!
anyone who want investing in ICO need to check where is based team of this project!
No, scammers sitting in Singapore will have to be careful when they plan their ICO. There will be laws regulating ICOs and if they try to cheat people through the ICO, they will be hauled up. So scammers will look to set up their ICOs in some other jurisdiction.
