After careful consideration, and a wish to protect all ELT owners, Lendo has decided to migrate its online platform from lendo.io to lendo.sg.
Singapore, as you may know, is one of the world’s safest financial centers thanks to its strict financial regulatory rules. The graphics below, published in the Financial Occultist in August 2020, show that Singapore stands out as a financial safe haven, and this is just one of the things that influenced the Lendo team’s decision.
Singapore: the best country for crypto
Furthermore, while Singapore is also recognised as the world’s “smartest city” and the city with “best investment potential,” it is also the third biggest market in the world for ICO issuance, behind the United States and Switzerland.
Singapore’s appeal is a combination of its crypto-friendliness and its overall economic environment. The Monetary Authority of Singapore (MAS) does not fully regulate cryptocurrencies, but they have issued guidance on ICO-related activities since mid-2017. This is meant to protect investors against specific risks (for example, MAS imposes Anti-Money Laundering (AML) rules for intermediaries that are offering crypto services). In other words, MAS is taking up the role of a guardian, allowing ICOs to be launched but also intervening if the activity of a certain ICO seems suspicious.
Increased protection for Lendo members
By moving to lendo.sg, Lendo members now have an increased level of security and protection. If you are an ELT owner, there is no action you need to take,
and you will be able to sign into the new domain using your existing username and password.