In a statement, the SC said that it has not authorised any ICOs pending the finalisation of its guidelines.
KUALA LUMPUR: The Securities Commission has released two consultation papers seeking public feedback on the proposed regulatory framework for Initial Coin Offering (ICO) and property crowdfunding.
The ICO is an alternative fundraising avenue that leverages on distributed ledger technology, including blockchain, involving the issuance of digital tokens by an issuer wanting to raise funds for a project or venture.
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