Service
Blockchain, Cryptocurrency And Initial Coin Offerings
introduction
We have a particular passion and interest in blockchain technology applications, cryptocurrencies, and initial coin offerings (ICOs). We provide comprehensive legal advice to clients involved in this space on Singapore legal issues and regulatory compliance for a range of planned business activities.
Our legal advisory services cover a wide range of issues related to blockchain technology and cryptocurrency, including intellectual property protection, data privacy and security, anti-money laundering regulations, securities laws, and taxation. Our team of lawyers is highly experienced in advising our clients from various industries on structuring their businesses to comply with local regulations and mitigate legal risks.
We advise issuers of tokens, ICO advisors, venture capital firms, and entrepreneurs involved in the blockchain and cryptocurrency space. Our clients’ planned business activities range from utilizing blockchain to enabling business applications in diverse fields, including money remittance, solar energy, consumer rewards, structured social interaction, the music and entertainment industry, the holiday and leisure industry, employment marketplace, consumer rewards, and crypto asset security applications.
By staying up to date with the latest developments in the blockchain and cryptocurrency space, including changes in the legal and regulatory landscape in Singapore and other jurisdictions, our team of lawyers can provide practical advice and guidance to help our clients make informed decisions and achieve their business objectives.
Our core capabilities include providing 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 an ICO and for operating other business services intended to be conducted in Singapore;
- preparing 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 regulations; and
- procuring tax advice from our associate tax specialist advisors.
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Of Counsel
Aaron Lee
Aaron Lee is a seasoned regulatory lawyer with over 20 years of post-qualifying experience spanning banking, payments and licensing across multiple jurisdictions. He combines deep expertise in regulatory law with a hands-on understanding of operational compliance, having led governance and compliance initiatives at licensed financial institutions and within the civil service.
Since 2017, Aaron has partnered with fintech start-ups, multinational payment service providers and innovators in blockchain and artificial intelligence. He offers end-to-end guidance on licensing, risk management and regulatory strategy, helping clients navigate complex cross-border requirements and emerging technology challenges with confidence and clarity.
A trusted advisor in high-stakes matters, Aaron has been appointed as an expert witness in Singapore court proceedings involving banks and financial crime. His distinguished career includes policy-making roles, government relations and investigations into financial misconduct—equipping him to anticipate regulatory trends and craft proactive, solution-driven compliance frameworks.
Beyond his client work, Aaron is a published writer, sought-after conference speaker and trainer who mentors legal and compliance professionals. He leads community initiatives to foster knowledge-sharing among regulators, financial institutions and technology pioneers, reflecting his commitment to transparency, collaboration and long-term success for all stakeholders.
Key Highlights
– Over two decades of cross-border regulatory and compliance expertise
– Strategic adviser to fintech, payment services and emerging-technology firms
– Expert testimony in financial crime litigation before Singapore courts
– Former civil servant and financial institution compliance leader
– Published author, speaker and community organiser in the legal and fintech arenas
Partner
Quek Li Fei
In addition to Li Fei’s experience in acting for banks on varied transactions and in general corporate law, he also provided estate planning and succession planning advice to individuals, including the legal aspects of wealth management, setting up trusts and off-shore structures. He also advises on charities and other structures in philanthropy, including setting up charities and companies limited by guarantee.
His cross-border work on various transactions, loans, infrastructure, debt and equity issues have involved lenders, borrowers and corporates in many jurisdictions including Indochina, the PRC, Korea, ASEAN, the Bahamas, Panama and the United Kingdom. He enjoys providing clients with clear thinking on matters that are often highly complex.
He is also actively involved in advising on legal aspects of distributed ledger technology/blockchain, cryptocurrency; ICOs (initial coin offerings), including legal and regulatory compliance.
Li Fei heads the firm’s Banking and Finance as well as Private Clients teams.
Associate
Andrew Eng
Andrew is an associate in the Corporate Finance Practice Group. His main areas of practice include corporate finance, equity capital markets, and general corporate advisory. He has been involved in preparing commercial agreements and general corporate contracts.