Interesting part of the article today what the CEO said about...

Interesting part of the article today what the CEO said about ICO's and the trend !

The ICO space is moving very fast and has reached a maturity now seen two to three quarters ago. ICO investors are now more cautious and they will only invest in credible ICO projects. That’s a positive development and one that’s good for the ecosystem.

The ICO trend will disrupt the VC industry to an extent. Most of the startups that we come across would certainly have it in their mind to explore an ICO as a potential means to raise funds compared to the traditional VC funding route. The VC industry as we know needs a bit of disruption.

To a certain extent, they are proxies for investors. Democratising that value chain of venture capital funding is crucial for the ecosystem. We saw this with equity crowdfunding and ICOs are not much different. But of course, it’s a far superior technology platform given the integration and use of crypto-tokens.

I think it will be very important for the ecosystem. Any take on the use of ICOs to raise capital for funds by fund managers? We’ve seen the use of ICOs to facilitate by the likes of Starta Accelerator and Finshi Capital. How do you see this evolving? In November, the MAS issued guidelines on digital token offerings and its very clear on what it sees as tokens that have features of securities, which is based on the Singapore Securities and Future Act.

Those offerings will clearly need to be managed and conducted in accordance with the existing law. Additionally, the MAS is also looking to come up with a new policy called the New Payment Systems Guideline. Singapore as a financial hub will always have a very clear definition of securities law, and that is what is taking place.

The earlier ICOs that happened in Singapore were not fully compliant with the regulatory requirements. Now, it’s very clear what is required in terms of the regulations you have to abide by if you conduct an ICO from Singapore.

Read more at: https://www.dealstreetasia.com/stories/kin-wai-lau-fatfish-internet-group-interview-2017-90217/