Singapore’s MAS Shuts Down ICO and Forces It to Refund Investors – The Merkle

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Regulators continue to pressure cryptocurrency exchanges and initial coin offerings. This is only normal, as these new industries present many opportunities but also pose major challenges. The Monetary Authority of Singapore is cracking down on problematic ICOs. So much, in fact, that one particular project was forced to return its funds to Singaporean investors. Another ICO Goes Awry
Over the past few months, various initial coin offerings have been scrutinized by regulators all ov…

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