Singapore warns against digital token exchanges and ICO issuer

The Monetary Authority of Singapore (MAS) has issued a warning to eight digital token exchanges and an initial coin offering (ICO) issuer that were trading digital tokens without authorization.

The MAS has warned eight digital token exchanges in Singapore not to facilitate trading in digital tokens that are securities or futures contracts without its authorization.

It also warned an ICO issuer to stop the offering of its digital tokens in Singapore.

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