CNP BCI Team contributed an article on “Regulation of ICOs in Singapore” in Baker Tilly’s update “The Salient Point”

CNPupdate

 

CNP BCI Team contributed an article on “Regulation of ICOs in Singapore” in Baker Tilly’s update “The Salient Point”


Date Published: 29 January 2019.


Author and Contributors: Quek Li Fei, Mike Chiam, Samuel Ling, and Adrian Toh.




CNP BCI team, partner Mr Quek Li Fei authored the article on “Regulation of ICOs in Singapore” published in The Salient Point (Vol. 4, 2018), an update of Baker Tilly Singapore.

This update covers tax and legal issues relating to ICOs (initial coin offerings) and cryptocurrencies and also how ICOs are regulated from the ASEAN perspective.

Read The Salient Point here


Disclaimer: This update is provided to you for general information and should not be relied upon as legal advice.

 

CNPLaw’s Blockchain, Cryptocurrency and Initial Coin Offerings (ICOs) Lawyer

Quek Li Fei Legal Partner at CNPLaw LLP image

Partner

    In addition to Li Fei’s experience in acting for banks on varied transactions and in general corporate law, he also helps individuals in estate planning, including the legal aspects of wealth management, advising on and setting up trusts and off-shore structures to secure their future and the future of their families. Li Fei is also recognised as a Recommended Lawyer for Banking and Finance and Financial Services Regulatory by The Legal 500 Asia Pacific 2021.


    We have a particular passion and interest in blockchain technology applications, cryptocurrencies and ICOs. We currently advise issuers of tokens, ICO advisors, venture capital firms and entrepreneurs involved in this space on Singapore legal issues and regulatory compliance for a range of planned business activities, ranging from utilization of blockchain to enable business applications in diverse fields (including money remittance, solar energy, consumer rewards, structured social interaction; music and entertainment industry; holiday & leisure industry; employment marketplace, consumer rewards, crypto-asset security applications); to setting up cryptocurrency exchanges and issue of tokens on proprietary platforms.





    The lawyers from the Banking & Finance Practice Group (BFPG) have always taken pride in providing a comprehensive range of banking and finance services to our clients, including domestic and foreign international banks, other financial institutions as well as non-bank lenders and borrowers, and foreign legal firms acting for parties outside Singapore.

    Our banking & finance practice covers the whole spectrum of domestic and international banking & financing work, including restructurings, financings and financial institutions advisory work. We can draw upon a broad base of partners, senior, mid-level and junior associates, all with strong and varied banking & finance product line and country experience.

    Our reach is further widened and enhanced by our ability to draw upon the resources of our network of correspondent firms in the region and globally.





    We advise both private and public (whether listed or non-listed) companies on corporate governance and compliance issues to help them acclimatise and thrive in a regulatory landscape that is becoming increasingly complex.

    Besides providing general advice on director duties and corporate secretarial matters, we help our clients better appreciate the licensing and compliance regimes applicable to the industries that they operate in and review our clients’ administrative and operational procedures for consistency with industry standards.