Europe surprisingly at present, are leading the cryptographic asset market. Standing, among the first of the world top above the United States and Asia.
In fact, different reports support that Europeans are surpassing these places, because the sales of ICO tokens have increased at a much much faster and more effective rate than the Asian and American markets.
The market in Europe grows significantly
The subject of cryptocurrencies today, although it is hard to believe my beloved steemians, is an unknown topic for many nations, even though the different virtual currencies have gained international recognition; However, it seems that this time Europeans have taken a step forward in comparison to the other continents that make up the globe. Breaking the so-called "cryptographic barrier".
Proof of this is the work that Fabric Ventures (the venture capital fund and the startup firm Blockchain) made public, where they presented a report entitled "The state of the chip market", which was in charge of studying and analyzing the movement and the effect of the financing of the ICO throughout the European continent in 2018. The exhaustive study of the document was such that this grant, a very good description of the regulation and fundraising of the ICO in Europe, this year. Shedding as a result, the fund raising of the ICO in Europe will end at 4.1 billion dollars, surpassing Asia, which raised 2.6 billion dollars and the United States, which obtained 2.3 million dollars. That is to say, that the Europeans obtained twice as much profit.
One of the points that should be highlighted in this market study, is that this was focused or had as a basis, the regulatory measures that are in force in the European continent. Leaving as a conclusion, that the various regulatory policies were fair and that the acceptance of digital cryptoactives was not on the side of the trust of the so-called "investors", which increased production.
Finally, as a direct consequence of this, this report recorded that the deterioration and devaluation of the Asian market is due to the norms and beliefs that most nations have worldwide. An example of this is Hong Kong and the "Securities and Futures Commission", who argued that their position was to restrict and regulate the crypto and the UICs in a legislative manner.
Similarly, the agency that is responsible for regulating this activity in various nations, states that the ICO were risky, because they argued that these, caused 7 cryptographic exchanges.
The ICO project
The famous document that we have been talking about in this post, I point out that several of the cryptographic paradises are; Malta, Switzerland and Gibraltar, who would have constituted a large number of financed figures (source: the report). The funds collected from the OIC are around 300 million dollars from Gibraltar and Malta this year, and that the Swiss would have reached a figure of 556 million dollars, along with the United Kingdom, which obtained close to 480 million dollars.
Finally, after analyzing a bit what happened, this is defined in my opinion, that Europe is ready to be the center of encryption globally, simply by the figures that showed the report and by the technological capabilities that have and that emerge daily in this continent.
