By Shawn Lim

An initial coin offering (ICO) issuer has been warned not to proceed with its securities token offering in Singapore after it breached a Securities and Futures Act (SFA) by taking out an advertisement on LinkedIn.

The Monetary Authority of Singapore (MAS) said the ICO issuer, which it did not name, failed to get a prospectus exemption under the SFA, which allows an issuer to make an offer of securities to accredited investors without registering a prospectus with MAS, by relying on an exemption under the SFA.

According to the MAS, the exemption from prospectus registration is subject to conditions, including Read full story ›

Source: The Drum