MAS warns 8 cryptocurrency exchanges, bars ICO issuer, Banking

SINGAPORE – The Monetary Authority of Singapore (MAS) warned eight digital token exchanges in Singapore not to allow trading in digital tokens that are securities or futures contracts without MAS’s authorisation, it said on Thursday (May 24).
It also warned an initial coin offering (ICO) issuer to stop the offering of its digital tokens in Singapore.
MAS said that if the digital tokens constitute securities or futures contracts, the exchanges must “immediately” cease the trading of such digital …

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