Waves setting ICO standards
It was about time for this! The great thing is I will be in Amsterdam tomorrow to meet some executives of Waves and I am more than happy to collect questions and answers for you guys! Exciting times also to see the mainstream media picks up on cryptocurrencies as Bloomberg - check photo above! Did we have Ned on there yet? If not! A shame - let us work on this.
Today these great Russians that are NOT Ethereum but have a much nicer flowing name aka Waves Platform announced to launch a self-regulatory body to set standards for initial coin offerings (ICOs) and the blockchain industry.
The new association will see participation fromDeloitte CIS, the ICO Governance Foundation and the Ethereum Competencies Centre. The aim is to set set legal, tax and accounting, KYC and business due-diligence standards for the industry - great news. This body will be based in Switzerland and is open to any exchange, ICO Platform and professional services experts.
Waves boss Alexander Ivanov says that " regulations are clearly an emerging phenomenon and concern in the industry and we want a seat at the table to be able to shape the future of regulation in the ICO and blockchain space,"
If anyone works for the blockchain media and would like to have more details by Sasha let me know - I am happy to collect questions! The association will be registered and operational in Switzerland from the start of 2018.
About Waves for the noobs
The WAVES platform is becoming more and more important these days, as the Ethereum network is becoming clogged. If you want to know more about the platform comment below and we can organize some direct chats.
Regarding the price and value the Waves token skyrocketed to over 10$ currently. Trading volumes increased and Waves gained some positions in trading against BTC so Waves is showing strength here.
Sources: Cryptovest, newsbtc and own investigation