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Singapore: MAS updates guide on digital token offerings
The Monetary Authority of Singapore ('MAS') announced, on 26 May 2020, its updated guide on digital token offerings ('the Guide'). In particular, the Guide outlines anti-money laundering and counter terrorism financing concerns in relation to digital token offerings and highlights the applicable requirements that must be complied with, including identifying risks, developing policies, and reporting suspicious transactions. In addition, the Guide contains several case studies which illustrate how the relevant laws administered by the MAS may apply.
You can read the Guide here.