ICO from Singapore-based companies

[HEROinME]

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.

[ranih]

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.

[HEROinME]

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....

[HEROinME]

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.

another question does the incorporation country of the ICO affects your decision to invest?
I would think they are other countries which ICO companies can incorporate their entity, what are the factors you would consider?