Hong Kong and Singapore Emerge as New Meccas for Token Sales

Hong Kong and Singapore have recently emerged as the new Meccas for token sales following bans in China and South Korea. The number of initial coin offerings in the two countries has skyrocketed in recent months, as companies seek a favorable environment to raise funds outside their home countries. Neither Hong Kong nor Singapore currently has specific rules for ICOs. Lawyers and ICO issuers in both cities reiterated that raising funds through digital tokens remains loosely regulated there.

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