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Singapore Fires Compliance Warning at 8 Crypto Exchanges, Orders an ICO to Halt Sales

Published 05/24/2018, 10:12 AM
Updated 05/24/2018, 11:32 AM
Singapore Fires Compliance Warning at 8 Crypto Exchanges, Orders an ICO to Halt Sales

Singapore’s central bank said today, May 24, that it had issued a warning to eight cryptocurrency exchanges over securities compliance and ordered an ICO to stop issuing tokens.

In a press release, the Monetary Authority of Singapore (MAS) reiterated operators in the city-state “are responsible for ensuring that they comply with all relevant laws.”

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