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ARTICLE · 30 NOVEMBER 2017

Monetary Authority Of Singapore Release Guidelines On Digital Token Offerings

Jones Day
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On November 14, 2017, the Monetary Authority of Singapore ("MAS") released non-binding Guidelines on Digital Token Offerings ("MAS Guidelines").

SingaporeTechnology
Sushma Jobanputra
Sushma Jobanputra
Jeffrey Maddox
Jeffrey Maddox
Nicholas Dimitriou
Nicholas Dimitriou
Ben Witherall
Ben Witherall
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In Short

The Situation: Guidelines on Digital Token Offerings introduced by the Monetary Authority of Singapore address initial coin offerings and also how current laws will be applied to intermediaries.

The Result: Whether a digital token offering is regulated by the Monetary Authority depends on whether the digital token is considered a capital markets product.

Looking Ahead: Parties considering ICO fundraising in Singapore or any other activity involving digital tokens should carefully consider the implications of the regulatory framework.

On November 14, 2017, the Monetary Authority of Singapore ("MAS") released non-binding Guidelines on Digital Token Offerings ("MAS Guidelines").

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