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.
Our specific services include advice and guidance on:
- an appropriate legal entity in Singapore for conducting an ICO and assistance in incorporating the appropriate legal entity;
- applicable laws and regulations that may apply to the client’s payment and licensing, and content distribution systems;
- draft White Paper and business plan; including review and comments from a legal and regulatory perspective;
- whether the tokens to be issued in a proposed ICO constitute “capital markets products” or “securities” under Singapore law;
- road mapping the entire process of an ICO;
- procuring applicable licences or approvals from relevant Singapore regulatory authorities for launching the ICO and for the other business services intended to be conducted in Singapore;
- and/or preparation of agreements between the client’s company and placement agents; and other intermediaries and collaborators, where appropriate;
- complying with KYC procedure and anti-money laundering requirements under prevailing Singapore laws; and
- procuring tax advice from our associate tax specialist advisors.
Accolades
Rankings Received From Professional and Commercial Publications In 2021
The Legal 500 Asia Pacific : Recommended for Financial Services Regulatory
Practice Highlights
Client Testimonials
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Work Highlights
News
CNPupdates – publications written by our Blockchain, Cryptocurrency and Initial Coin Offerings (ICOs) Lawyers
- Setting up a crypto fund in Singapore
- Non-fungible tokens and their legal implications
- Update on the registration of precious stones and precious metals dealers
- S$6 Million Grant Scheme Available to Singapore FinTech Firms
- Regulatory update on GST treatment of Digital Payment Tokens
- Regulatory update on income tax treatment of Digital Payment Tokens
- Cryptocurrencies & fintech regulatory update
- Regulatory and other Developments in Singapore on Cryptocurrency and Bitcoin Exchanges
- Payment Services Act 2019: MAS issues Guidelines on Licensing for Payment Service Providers and consults on the scope of E-money and Digital Payment Tokens
- Registration of precious stones and precious metals dealers
- MAS launches sandbox express for insurance brokers, recognised market operators and remittance businesses
- MAS to issue digital banking licences
- Update to E-Payments User Protection Guidelines
- When things go wrong with your Token Purchase
- The case for and against cryptocurrency ETFs in Singapore
- MAS halts Security Token Offering in Singapore, Issues Warning on Websites Soliciting “Cryptocurrency” Investments
- The State of Global Cryptocurrency Regulation: Southeast Asia
- Security Token Offerings in Singapore
- SGX Requirements for Listed Companies Conducting an Initial Coin Offering
- Regulating the Next Generation of Payment Services: An Overview of the New Regulatory Framework under the Payment Services Bill
- MAS Issues Update to Guide to Digital Token Offerings
- Expanding the MAS Recognised Market Operator Regime
- MAS Consultation Paper: New Regulatory Sandbox
- Morality & Legality of Crypto Currencies and ICOs
- Regulation of ICOs in Singapore
- Tax Implications in relation to ICOs
- CNPLaw’s partner, Kenn Lim, featured in Singapore Business Review on views on Venture Capital
- MAS Notice on warnings issued to Digital Token Exchanges
- Regulating Cryptocurrency Exchanges in Singapore
- How Initial Coin Offerings (“ICOs”) are regarded or regulated in various countries
- Blockchain
- Initial Coin Offerings
- Bitcoin (Part 2)
- Bitcoin (Part 1)
The Blockchain, Cryptocurrency and Initial Coin Offerings (BCI) Team
CNPLaw > Funds and Financial Service > Blockchain, Cryptocurrency and ICOs