SINGAPORE CAN BECOME AN ICO HOTBED
Not every country in the world wants to be associated with cryptocurrency ICOs. Unless countries have regulation in place to protect customers from financial harm due to scams and other predatory strategies, then they have a very poor view of ICOs. Hardly any country in the world has some form of regulation, though. Various regions are scrambling to come up with some sort of solution, but that is much easier said than done. So far, it seems the regulatory standstill will continue for quite some to come.
Until we see any major changes, some countries may be more open-minded toward the concept of an ICO. Singapore is certainly on that list, as the country is focusing heavily on blockchain and fintech. Any company looking to launch an initial coin offering may lean toward Singapore. The region has somewhat lenient regulations and is tax-friendly, unlike China. It is also a great gateway for companies to venture into the Asian market as a whole.
All of this will depend on how much scrutiny ICOs will face from the Monetary Authority of Singapore moving forward. After successfully hosting a handful of initial coin offerings in the country already, things are still looking pretty solid. That situation can always change in a heartbeat. It only takes one dubious ICO project to turn the tables in a bad way for all parties involved. So far, the number of outright scam ICOs has been minimal, but rest assured some people will explore the opportunities regardless.