Just read Singapore Central Banker: No Crypto Tokens We've Seen Are Securities

Singapore Central Banker: No Crypto Tokens We've Seen Are Securities

The Monetary Authority of Singapore (MAS), the city-state's de-facto central bank, believes that no tokens it has seen need to be regulated under its securities laws. The 13-page MAS publication divided tokens into three categories – utility tokens, payments tokens and securities tokens. "The MAS does not intend to regulate utility tokens that are used to access certain services. But a payments service bill is expected to be enacted by the end of this year to apply to payment tokens, which have storage and payment values," he continued. Elsewhere, Pang also discussed the status of the central bank's sandbox initiative, and whether crypto token projects were leveraging the resources.

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Wednesday, September 19, 2018