Initial Coin Offerings Funds Pursed By Europe

Approximately half of the cash poured into newly issued crypto currency funds has been raised in Europe. Since 2014, European-based entities have raised $1.76 billion through so-called initial coin offerings, or ICOs. This amount includes 46 per cent of the funds raised globally.
Switzerland drew in nearly half of Europe's total - $828 million or 47 per cent of ICO funds in the region. Most of them registered in a low-taxed region near Zurich, called Zug.
By contrast, North America drew in $1.08 billion of ICOs, or 28 per cent of a global market that raised around $3.8 billion through the issuance of new types of digital currency.
According to Atomico’s report, which is one of Europe’s leading venture capital firms, the other European venture firms will start to participate in ICOs next year.

Already, top-tier US venture capital firms such as Andreesen Horowitz and Union Square Ventures have actively invested in ICO fundraisings, along with some newer European funds such as Blueyard Capital of Berlin.
“But the region's most established funds have yet to participate,” the Atomico report states. “This will change in 2018.”
The new fundraising mechanism has flourished in unregulated markets where investment capital is limited. China and South Korea have banned digital coin sales, while the US Securities and Exchange Commission is weighing tougher rules.
Switzerland, along with Germany and Austria dwarf other parts of Europe with $976 million raised in terms of capital - three times the funding ICOs attracted in Central and Eastern Europe and four times greater than Britain and Ireland.
But when it comes to the number of ICO projects launched, Central and Eastern Europe are way ahead with 162 of the rest of the region, followed by 90 projects in Britain and Ireland.