INITIAL COIN OFFERINGS (ICO) COULD FACE REGULATION UNDER EU CROWDFUNDING RULES

Out-Law on 20 August published an article saying that businesses hoping to raise funds through public ‘initial coin offerings’ (ICO) would be obliged to make a series of disclosures to prospective investors about themselves, the nature of their projects and the risks inherent in the investment under new rules proposed by an MEP.

https://www.out-law.com/en/articles/2018/august/initial-coin-offerings-regulation-eu-crowdfunding-rules/

The draft report is at –

http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&reference=PE-626.662&format=PDF&language=EN&secondRef=02

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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