According to The Star, Eitafang founder Vitalik Buterin recently said in an interview with The Star “What is the role of the government? (The field of encryption) is there a government-regulated place?” One answer said: “The government plays many roles. One of them is the regulator. Cryptographic exchanges are often the most concerned places, and the basic idea is to raise funds for a new project by selling tokens directly on the blockchain. Is there a legal basis for a particular type of ICO? There is still controversy about being classified as a securities.” V God added: “Regulators are definitely working hard, and they have not made decisions in many respects. Another area in which the government plays a role is as a user of technology. Has been exploring the issue of digital currency and the use of blockchains for different types of government records."