FINANCIAL SERVICES | Staff Reporter, Singapore

MAS willing to test some ICOs in a regulatory sandbox

The ICOs have to improve the efficiency of capital markets.

Bloomberg reports that Singapore’s financial regulator would consider trialling some initial coin offerings (ICO) in a regulatory sandbox if such fundraising efforts are by companies focused on new technology that will improve the efficiency of capital markets.

The type of digital-token sale that the Monetary Authority of Singapore would consider is one underpinned by technology that improves capital markets, for example, smart contracts or something that can build a “smarter” initial public offering, MAS Chief Fintech Officer Sopnendu Mohanty said Wednesday in an interview.

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