Monetary Authority Of Singapore Shuts Down Local ICO
The Monetary Authority of Singapore (MAS), the country’s central bank, has shut down an unidentified initial coin offering (ICO) for allegedly offering unregistered securities.
In a release issued Thursday, MAS said it has directed an ICO issuer to stop offering digital tokens to Singapore-based investors after assessing that the issuer had contravened the country’s Securities and Futures Act (SFA),
