The Monetary Authority of Singapore (MAS) has published a paper offering “general guidance” on the regulation of digital token sales. Exchanges warned against facilitating trading in digital tokens which constitute securities or futures contracts without MAS authorisation;. The HKSFC considered that the structure of the ICO in question was such as to constitute a “collective investment scheme” under the Hong Kong. CRYPTOCURRENCY INSURANCE INDUSTRY
For example, in August of this year, the Philippine SEC introduced the draft rules on how companies can fundraise via ICO whereas all token are defined as securities by default. Australia, which has a very skeptical opinion about the crypto space, introduced some rules for ICOs and digital currencies in general as well.
The framework provides safeguards and guarantees to investors. The authorities of South Korea, where ICOs were banned in September , have changed their mind, admitting the necessity to legalize ICOs and to provide an appropriate regulatory framework. It seems that the financial world has admitted cryptocurrencies as an evitable repercussion of the nascent technological revolution and finally moved to the elaboration of a regulatory framework facilitating cryptocurrency implementation into real sector.
But if any digital token exchange, issuer or intermediary breaches our securities laws, MAS will take firm action. Sign up to get the latest legal know-how delivered straight to your inbox. This document is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.
We are licensed to practise Singapore law in the permitted areas of legal practice according to section A 1 of the Legal Profession Act of Singapore.
The reason there are so many new ICO cryptocurrency options is that the market has grown exponentially over the past few years and reached hundreds of billions of dollars in market capitalization. With this said, the list above features our complete directory of top ICO cryptocurrency projects spanning from trading ecosystems, to mortgage crowdfunding platforms, to cryptocurrency portfolio growth options, and decentralized social networks.
Our list features the best ICO cryptocurrency reviews of active, upcoming, and ending projects. You are able to see an extensive comparison list between all of the top cryptocurrency ICOs, when these projects started and what their intended end date is. You will also be able to see the cryptocoin ICO token price, token platform, what the soft and hard cap is, and where it is restricted to in terms of country.
At its forefront, Battle Infinity is made up of multiple play-to-earn battle games. This way, Battle Infinity allows its players to interact with each other in real-time and make money through innovative methods such as virtual exhibitions and billboards. The rewards for winning games are paid out in the form of IBAT — the native digital token of the Battle Infinity ecosystem. Moreover, Battle Infinity has been verified by Coinsniper, a reputed crypto platform, which ensures that the project is characteristically anti-rug pull.
The smart contracts of the project have also been audited by Solid Proof. We suggest that interested investors to check out the Battle Infinity whitepaper , which offers in-depth information about the project. Visit Battle Infinity 3. Cyberium — Premier E-Sports Metaverse Cyberium is a centralized hub that offers a fantastic experience for e-sports enthusiasts.
The project is the first of its kind and has a user-focused approach. Instead of a conventional P2E mechanism, the platform features a play-and-earn gaming system, which allows for a better user experience. Cyberium has adopted a dual token economy for its network.
Its main currency, ESPN, serves as a governance token and is rarely used as a reward for in-game activities. The ICO for this coin will commence on July 31st, This is the main in-game currency and is offered as a reward to players for winning challenges.
This platform focuses on facilitating the fair distribution of vaccines across the world. To make this goal a reality, the company is already working with global pharmaceutical companies. Those who have BVTD tokens can contact a supporting provider to receive vaccines during a pandemic that could potentially arise in the future. However, take note that the cost of the vaccine still comes at a cost to the individual.
With that said, this allows individuals to bypass any regulatory or governmental limitations imposed on the distribution of vaccines. Moreover, there will be a limit to the number of BVTD tokens an individual or an organization can hold.
The platform offers its services internationally, making its tokens available worldwide.