Singapore Central Banker: Regulators Have ‘Duty’ to Learn from ICOs

An executive at the Monetary Authority of Singapore (MAS) has said that developments around initial coin offerings (ICOs) and cryptocurrencies can offer lessons for regulators.

Yao Loong Ng, executive director of MAS’ financial markets strategy department, said that, although many are skeptical on the “speculative” use cases of the technology, regulators “have the fiduciary duty to be alert on the potential outcome.”

As reported by Edge Markets, Ng indicated that the “time to market” for ICOs compares favorably with IPOs, which can take nine months to prepare.

He said: […]

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