Singapore isnt rushing to become the regional equity crowdfunding (ECF) hub, preferring instead to watch and learn from first-movers. And a convenient example is just across the Causeway, as Malaysia is well on its way to be the first to legislate ECF in South-east Asia. When contacted, a Monetary Authority of Singapore (MAS) spokeswoman told The Business Times: MAS notes that crowdfunding is emerging in some countries as an alternative source of financing for startups and small companies . . . and is closely monitoring developments in other jurisdictions and working with Spring to develop an appropriate regulatory framework.
Posted on: Fri, 26 Sep 2014 03:21:02 +0000
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