MAS and ICOs: The Monetary Authority of Singapore (MAS) which is the central bank of Singapore has made a statement as to the status of Initial Coin Offerings and their Tokens. The MAS addresses the classification of the tokens and whether or not they are considered securities.
This is not a surprise, after the SEC decision regarding The DAO and finding that it was indeed a security. A large number of token sales are taking place in Singapore and the MAS thought it was time to address the issue.
Read More:
https://urbancrypto.com/mas-and-icos/
