Singapore – A haven for ICOs after China regulation?

The recent rumor regarding the ban on ICOs and cryptocurrency exchanges in China has left markets in a state of uncertainty, but Singapore is preparing to step up, and could very well become the next ICO hotspot.
China’s crackdown rumors
Since January, China has taken a noticeable interest in the cryptocurrency business. The government has forced exchanges to add transactions fees and, more notably, has required exchanges to implement measures to confirm their customers’ identities.