Global stance
Many regulators around the world have issued statements regarding cryptocurrencies and ICOs. The overwhelming conclusion is that while some countries, such as China and South Korea, have banned them, most are applying existing laws and are more open to having discussions with anyone looking to start a venture in this space. A few countries, such as Switzerland and Estonia, are even looking to customize ICO regulations. The following is a selected, non-exhaustive list of statements from the regulatory bodies of various countries.
Singapore (http://www.mas.gov.sg/)
In August 2017, the Monetary Authority of Singapore (MAS) clarified the regulatory position on the offer of digital tokens in Singapore and that they will be regulated by MAS if the digital tokens constitute products regulated under the Securities and Futures Act (SFA). (http://www.mas.gov.sg/News-and-Publications/Media-Releases/2017/MAS-clarifies-regulatory-position-on-the-offer-of-digital-tokens-in-Singapore...
