Singapore's policy towards virtual currency

1. Now the virtual RMB has also been issued, and the state's policy on virtual currency must strengthen supervision. In this case, we can agree.

2. No, when your virtual property is stolen, you can sue the court

3. I give all kinds of training than the open policy is really the country in order to promote the economy and improve people's quality of life.

4. Yes, but you have to register a Singapore company to issue currency in Singapore. We also have to do "compliance", that is, Singapore ICO legal compliance legal opinion. The Singapore foundation is the main choice for most digital currency projects. The requirements of foundation registration for directors and shareholders of the company are loose, and there is no need for foundation registration&# 8204; Guo & Chen 8204&# 8204; It can be a natural person of any nationality. A natural person must be at least 18 years old. In Singapore, we can legally develop the blockchain instry. You can also go to the exchange to issue money.

5.

Blockchain project compliance generally chooses to register an overseas framework, and then the local lawyer will issue a legal compliance opinion to prove that the project conforms to the laws of the host country. The main body in the market is the Singapore foundation, and this legal opinion is also issued by a local licensed lawyer in Singapore

The legal opinions can be divided into two categories:

1. For the project, the legal opinions issued by the well-known exchanges of Shanghuo coin, OK and coin an, and the legal compliance opinions issued by the well-known lawyers of the designated Singapore law firm

2. Ordinary legal opinions are issued by ordinary licensed law firms in Singapore for these mainstream exchanges

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information required for issuing legal compliance opinions:

1. Chinese and English version of project white paper (word document)

2. Information of directors

3. Information of main Singapore foundation

registration certificate

articles of association

registration paper

Singapore is friendly to blockchain projects and has perfect follow-up legal services, This legal compliance opinion can be issued. It can't be issued in other places. The role of legal opinions in Singapore is relatively large. After all, the cost of processing is much cheaper than the cost of licensing, so it is very attractive for domestic project parties

6. Nothing else, because it's not against cryptocurrency. Can register fund, can open exchange
as an international financial center, it will not oppose any currency, even the virtual cryptocurrency
this feature also occurs in Hong Kong, the United States, Japan and other areas with relatively open finance. The more open the finance is, the more tolerant the virtual currency is.

7. In fact, virtual currency does not play a great role in the development of contemporary Chinese economy, and even plays an obstacle role

after bitcoin, Leyte coin, doggy coin and other encrypted digital currencies were introced into China, they quickly became popular in China, but then the MLM coins became more and more rampant, which seriously hindered the development of domestic economy. But it has its positive side. For example, the token of crowdfunding project on European crowdfunding platform exists as an asset voucher, which is a good application scenario.

8.

Of course, we can, but what we need to register is a public non-profit company. If it's an ordinary private limited company with the word "foundation", we can't help it

if you want to issue virtual tokens in Singapore formally and legally, legal opinions are also indispensable

there are two reasons:

1. without this document, you are not allowed to enter the stock exchange

2. the HKMA will check you

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speaking of this, it is suggested that you choose a formal agent to register the compliance foundation, because it will directly affect the price of the later legal opinions, and the price difference will be enough for you to re register a foundation. Before registration, ask clearly and consider it comprehensively

9. Singapore, as the largest financial center in Asia, and its highly enlightened policy on blockchain and virtual currency, has become the best choice for the registration of blockchain and ICO development instries.
Singapore is famous for its stable and sound legal and financial environment, where it is safe and convenient to register funds. As a result, more and more companies choose to set up non-profit companies in Singapore. At present, China's popular blockchain business is very suitable to operate on the foundation nature of non-profit organization platform
the Singapore non-profit organization foundation is usually registered as a public company, which is a non-profit organization, and each member bears the guarantee liability. The overseas projects of the public welfare foundation do not need to pay tax, and the Inland Revenue Department of Singapore will not tax the local capital injection and investment.