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In this City Wire Asia article, “Experts expect crackdown on digital currencies",  Morrison & Foerster Associate Nick Davies was quoted regarding the Monetary Authority of Singapore’s clarification on the regulation of virtual currencies.

Experts expect crackdown on digital currencies

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In this City Wire Asia <a href="http://citywireasia.com/news/experts-expect-crackdown-on-digital-currencies/a1040121 " target="_blank">article</a>, “Experts expect crackdown on digital currencies”, Morrison & Foerster Associate Nick Davies was quoted regarding the Monetary Authority of Singapore’s clarification on the regulation of virtual currencies.‘For those looking to launch an ICO [initial coin offering] in the sense of an offering to the public – but using virtual currencies instead of shares or bonds, then I think the MAS announcement together with the SEC announcement are beginning to show that there is not a clear path to do that whilst shutting eyes to financial regulation,’ Nick Davies, associate at Morrison & Foerster told Citywire Asia.