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Singapore Regulator Would Consider Trialing Certain ICOs

  • MAS fintech chief Sopnendu Mohanty comments in interview
  • Global regulators coming to grips with $3.5 billion of ICOs
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Photographer: Andrew Harrer/Bloomberg

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Singapore’s financial regulator would consider trialling some initial coin offerings 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.