One of those sites called ICO Bench makes an audacious claim – that a whopping US$2bil (RM8.36bil) has been raised by 420 ICOs registered in Singapore. Many of the Singapore-based ICO projects actually conduct the fund raising through some other offshore means. This US$2bil fund raise from Singapore projects is not data that is provided by any credible source. In comparison, ICO Bench claims that in November alone more than US$50mil (S$70mil) was raised by Singapore based ICOs. Perhaps then countries like Malaysia should embrace this ICO revolution and reap the benefits, albeit with the necessary safeguards in place.

Source: The Star December 24, 2018 00:33 UTC