Singapore regards the development of blockchain technology as a top priority for the country. According to the law, "public guarantee company limited" is established for the purpose of non-profit, and its members have the responsibility to contribute to the company. It can be seen that the ICO Foundation has policy support in Singapore, which is the center of the Asian blockchain and the most popular settlement area. The government has a clear regulatory attitude towards ICO, and is close to China to formulate friendly policies. Create corporate public image, provide financial support for enterprises, and avoid taxes reasonably.

As the largest financial center in Asia, Singapore's political stability, developed economy, solid infrastructure and good business atmosphere, coupled with the support and encouragement of the Singapore government for the development of blockchain projects, have become the best choice for blockchain and ICO development industry registration.

First, monetary authority of singapore (MAS) distinguishes between digital tokens and virtual currency. Digital tokens are digital tokens and virtual currency is virtual currency. Monetary authority of singapore believes that virtual currency is a specific form of digital token. Singapore does not supervise virtual currency, and even welcomes virtual currency, because it can reduce financial transaction costs and bring more external funds. Secondly, monetary authority of singapore will assess the money laundering and terrorist financing risks of digital tokens, and supervise them when necessary.

Thirdly, monetary authority of singapore has also adopted the sandbox supervision policy adopted by the London Monetary Authority (FCA). Any company willing to carry out innovative applications of digital tokens can apply to monetary authority of singapore for sandbox testing. During the sandbox testing, the Monetary Authority will provide more relaxed environmental support for the operation of the application.

The purpose of setting up the 156 foundation in Singapore is to provide 699 1 for their currency development team. Therefore, registering the Singapore Foundation 3780 is also a wise choice for many investors. Here is a detailed introduction to the process of registering the Singapore Foundation for you.

Detailed registration process of Singapore Foundation

Advantages of Singapore Foundation:

1. The image of Singapore non-profit foundation is more in line with the spirit of blockchain, and the Singapore government supports the development of blockchain industry;

2. The famous Litecoin, Biyuanlian and Quantum Company are all registered Singapore foundations;

3. Singapore's blockchain ICO market is mature and its legal services are perfect. Non-profit foundations can issue relevant legal opinions at a later stage;

4. Close geographical advantage. Close to China, better planning.

Registered Singapore Foundation Information:

Provide name verification: the name ends with * * * Foundation Limited.

Provide identity certificates or passports of at least 2 members (no nationality restrictions, 18 years old or older).

3. The business scope of Singapore Foundation is not limited, including software development (consulting), information technology services, IT research, etc.

4. Processing time: 10- 15 working days.

We provide: Singapore director, Singapore registered address, Singapore secretary (nominal), lawyer audit guarantee, first year official fee service.