Financial regulators in Malaysia have published guidelines for crypto initial exchange offerings (IEOs). As part of the move, initial coin offerings (ICOs) by individual token issuers are no longer permitted in the country.
The Stage is Set for Regulated Crypto IEOs
According to Fintech Malaysia, the country’s Securities Commission (SC) published a set of guidelines for IEOs on Wednesday (January 15, 2019). In the new regulatory paradigm, crypto exchanges are now responsible for token sale events.
Thus, crypto exchanges will undertake due diligence assessments for token sales, evaluating token issuers in conjunction with the SC. Crypto exchanges registered as IEO operators must also maintain a minimum paid of capital equivalent to $1.2 million.
In addition to registering as IEO platforms, crypto exchanges looking to trade ICO…
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