03 Sep '17, 7pm

How Singapore became a hot ICO destination | VentureBeat | Entrepreneur | by David Moskowitz, Indorse

As the crypto-token market heats up, Singapore has emerged as one of a few key hubs for blockchain startups wanting to launch an initial coin offering (ICO). The city-state is a long-established hub for corporate setup due to its tax friendly rules, light-touch regulation, and state funding. It is home to over 200 banks with total assets amounting to a whopping $2 trillion, and it has already played host to a long list of successful ICOs. The Monetary Authority of Singapore (MAS), Singapore’s central bank, has budgeted S$225 million ($166 million USD) to develop Fintech projects and applications. And as a warm welcome to crypto-assets, MAS has created a tokenized version of the Singapore dollar, available on an Ethereum-based blockchain. The move, called Project Ubin, is an attempt to create a functional replacement for Singapore’s interbank payments network through tokeni...

Full article: https://venturebeat.com/2017/09/03/how-singapore-became-a...

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How Singapore became a hot ICO destination

venturebeat.com 03 Sep '17, 7pm

As the crypto-token market heats up, Singapore has emerged as one of a few key hubs for blockchain startups wanting to lau...

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