US regulations have no bearing on Singapore’s stance on digital tokens
In August 2017 the Monetary Authority of Singapore (“MAS”) announced that it would regulate the exchange of virtual currencies and the offer or issue of digital tokens. This announcement came in the wake of an increase in the number of initial coin offerings (ICOs) as a means of raising funds. The new rules were part of a broader set of new regulations on payment services designed to control money laundering and terrorism financing risks. …
It’s Time for New Approaches to Identity Verification
Two days ago, Quora announced that up to 100 million users’ data were compromised by hackers in an attack last week. The data may have included a user’s name, email address, encrypted (hashed) password, and data imported from linked networks authorized by users.
Last week, Marriott revealed a massive database breach that leaked personal info on up to 500 million guests. In September, hackers stole personal information from 29 million Facebook accounts. …
About
