Is this the regulation of ico?

[cool kong]

Is this the regulation of ico? The monetary authority of Singapore recently issued guidelines on digital tokens
The Monetary Authority of Singapore's Singapore Monetary Authority (MAS) issued the "A Guide to Digital Token Offerings" last week (" guidelines on Digital currency issuance ").
As a country ruled by law, MAS has no right to directly legislate or amend the law, nor to take administrative measures directly to deal with the spontaneous market behavior without the legal basis. Therefore, "the guide" itself is not a formal legislation or changes to the current law, but for Singapore financial law in practical application in the industries of digital tokens when the official explanation and clarification of documents.
The "guide" of all issue relating to the Singapore digital tokens project are significant, can be said to be the Singapore official for the local block chain/paved the way for the development of digital currency industry.

[cool kong]

In every country in the world, the regulation of ico is becoming more and more powerful, of course, it is good for the ico market, so it is good to avoid the swindler project and survive.