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Regulations Round-Up: Tokenized Securities in Singapore, China Warns of Illegal Fundraising

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In recent regulatory news, Chinese authorities have issued a warning seeking to encourage citizens to be skeptical regarding the promotional claims of illegal fundraising schemes operating with cryptocurrencies, Singapore Exchange and the Monetary Authority of Singapore have partnered with Anquan, Deloitte, and Nasdaq to settle tokenized securities using distributed ledger technology, and Hungary’s finance ministry … Read more

Singapore’s MAS Shuts Down ICO and Forces It to Refund Investors

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Regulators continue to pressure cryptocurrency exchanges and initial coin offerings. This is only normal, as these new industries present many opportunities but also pose major challenges. The Monetary Authority of Singapore is cracking down on problematic ICOs. So much, in fact, that one particular project was forced to return its funds to Singaporean investors. Another ICO Goes Awry … Read more

Singapore Warns Eight Unauthorized Token Exchanges

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The Monetary Authority of Singapore has warned eight digital token exchanges operating in the country over unauthorized securities trading. The regulator also stopped an initial coin offering, prompting its issuer to return all funds received from Singapore-based investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Eight Token Exchanges Warned Singapore’s central bank and financial … Read more

Exchanges Round-Up: Coinbundle Approved for Licensing in PH, MAS to Review Regulations, Okex Suspends Withdrawals

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In recent news relating to cryptocurrency exchanges, Coinbundle has received approval for licensing in The Philippines, the Monetary Authority of Singapore has issued a consultation paper regarding its intention to update its regulatory apparatus for cryptocurrency exchanges, and Okex has announced that it has remedied the error that caused it abruptly to suspend withdrawals and … Read more

No Strong Case to Ban Crypto Trading, Singapore Says

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The Monetary Authority of Singapore has been studying cryptocurrency developments and there is no strong case to ban crypto trading, a high-ranking government official told lawmakers. The adoption of regulations in other countries in the region has increased pressure on authorities in the city-state to clarify their stance on bitcoin, as more crypto companies in … Read more

Singapore to Extend Regulatory Mandate Regarding Cryptocurrencies

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The Deputy Prime Minister of Singapore has sought to clarify the nation’s stance on cryptocurrencies with regards to its money laundering laws. Speaking earlier this week, Mr. Tharman Shanmugaratnam emphasized that Singapore’s financial regulator will not distinguish between cryptocurrencies and fiat currencies. Also Read: Singapore to Extend Regulatory Mandate Regarding Cryptocurrencies Singapore’s Deputy Prime Minister Updates … Read more