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MAS issues warning to digital token exchanges, ICO issuer

Fintech

MAS issues warning to digital token exchanges, ICO issuer

Stanislaus Jude Chan Published on Thu, May 24, 2018 / 3:26 PM GMT+8

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SINGAPORE (May 24): The Monetary Authority of Singapore (MAS) has warned eight digital token exchanges in Singapore not to facilitate trading in digital tokens that are securities or futures contracts without its authorisation.

In a statement on Thursday, MAS also said it has warned an Initial Coin Offering (ICO) issuer to stop the offering of its digital tokens in Singapore.

The names of the businesses were not disclosed.

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