ICOS
ICO Regulations by Country
December 18, 2017 8:00 am by Frederick Reese Views: 2441
ICO investmentSince we first published this guide to the legality of initial coin offerings (ICOs) in various countries, there has been a hardening of opinions on the acceptability of the risks involved in this investment opportunity. While bitcoin’s historic price spike continues with no signs of abating, China and South Korea’s banning of ICOs and Japan’s changing of opinions on the acceptability of altcoins have led to many nations taking an aggressive position in warning and protecting prospective investors.
This changing political attitude has led many in the ICO world to take self-regulation seriously. For example, the blockchain platform Waves – with participation from entities like Deloitte CIS, the ICO Governing Foundation, and the Ethereum Competencies Centre – has announced the launching of a self-regulatory body to set standards for legal, tax, accounting, know your customer (KYC), and business due diligence for the industry. Waves offers a platform-as-a-service for the development of decentralized applications (DAPPs) and ICOs.