2019 Outlook for STO & ICO Regulations in Asia

Asia Blockchain Review
April 9, 2019

Security Tokens Offerings (STOs) and Initial Coin Offerings (ICOs) are reportedly the most popular ways to fundraise for tech firms. PwC revealed that last year, a total of 1,134 STOs and ICOs were carried out worldwide, twice the number reported in 2017.

But not all offerings are created equal. The biggest cases in 2018 were EOS and Telegram, which raised a total of US$5.9 billion from investors in the market.

Some Asian countries have embraced the technology, while others have banned the offerings outright, with the latest updates as follows”

Singapore: ICOs are regulated by Singapore’s central bank, the Monetary Authority of Singapore (MAS). In November 2018, the bank announced an update regarding anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements.

Malaysia: ICOs are regulated, though details are in the process of accepting public feedback.

Thailand: ICOs are regulated by the Thai Securities and Exchange Commission (SEC).

Hong Kong: ICOs are regulated, though officials have signaled that regulations may soon become more strict.

Japan: ICOs are regulated, but reports indicate that new regulations may limit investments for Japanese citizens.

Philippines: Regulations are still in progress, as the Philippines Securities and Exchange Commission (PSEC) has yet to announce its final rules on ICOs

Taiwan: Regulations are still in progress, as rules are being drafted with plans to be released in June 2019.

India and Indonesia: ICOs and STOs are not regulated.

China and South Korea: ICOs and STOs are banned.

Source: fintechnews.sg

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Coming back for its second year, the annual global blockchain product development conference will be...

October 11, 2019

Thailand Blockchain Landscape Report: The 5 Features of a Must-Read Industry Resource
Published by ABR in its efforts to build a technological foundation for blockchain in the region, th...

October 11, 2019

Token News to Host Conference on Trading, Investment and Finance in November
Token News PH Consultancy, Inc., a leading start-up in the field of blockchain technology, will host...

October 11, 2019

Five Features of the Essential Vietnam Blockchain Landscape Report
Asia Blockchain Review is poised to release its much-anticipated Vietnam Blockchain Landscape Report...

October 8, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us