Singapore central banker suggests crypto utility tokens are not securities

Regulation • September 19, 2018, 10:23AM EDT
The Block

Damien Pang, head of The Monetary Authority of Singapore (MAS) technology infrastructure office for fintech and innovation, provided insight into MAS' evaluation of tokens during CoinDesk's Consensus Singapore 2018.  

"The MAS does not intend to regulate utility tokens that are used to access certain services," Pang said but will continue to examine current and future token offerings for characteristics of securities as will regulate them as needed.

(Source: CoinDesk)