Singapore's central bank releases latest ICO guidelines, emphasizing anti-money laundering and comba
According to CCN, the Monetary Authority of Singapore (MAS) has updated relevant guidelines for companies wishing to raise funds through ICOs. The newly revised draft adds a "new payment framework" to the original draft, expounding the Bank of Singapore's position on how certain intermediaries should comply with anti-money laundering and counter-terrorism policy directives.
These intermediaries include almost all participants involved in ICO asset-related activities, from the issuer of the token to the financial institution that provides token consulting, all need to be subject to legal constraints. For example, token issuers need to obtain relevant licenses, financial advisors must obtain financial advisory licenses, and digital asset exchanges must also be approved and recognized by MAS.