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Title: ICO from Singapore-based companies Post by: HEROinME on August 02, 2017, 03:15:29 AM Hi all,
Singapore has been the preferred country for companies launching ICOs in the recent months, however the central bank just came out with a notification: http://www.mas.gov.sg/News-and-Publications/Media-Releases/2017/MAS-clarifies-regulatory-position-on-the-offer-of-digital-tokens-in-Singapore.aspx how would this impact ICOs from Singapore go forward? Which other jurisdiction is "ICO-friendly"?? Would ICOs from Singapore be the preferred campaign in future? However it would mean disclosure of the investors.... would you still do it? Looking forward to your views. Title: Re: ICO from Singapore-based companies Post by: ranih on August 02, 2017, 05:24:11 AM Interesting!
As long as your token is a utility you are fine. If the tokens are actually securities (like the DAO according to the SEC), then you need to go through a similar process as IPO. Many companies sell their tokens from Gibraltar and Switzerland. Title: Re: ICO from Singapore-based companies Post by: HEROinME on August 02, 2017, 05:35:31 AM actually this rule will have some impact on the ICO momentum coming out of Singapore. I have seen alot of interest from Singapore but as Ranih put it, many have to rethink on their token strategy....
Title: Re: ICO from Singapore-based companies Post by: HEROinME on August 03, 2017, 04:34:22 AM Interesting! another question does the incorporation country of the ICO affects your decision to invest?As long as your token is a utility you are fine. If the tokens are actually securities (like the DAO according to the SEC), then you need to go through a similar process as IPO. Many companies sell their tokens from Gibraltar and Switzerland. I would think they are other countries which ICO companies can incorporate their entity, what are the factors you would consider? |