How Countries Regulate ICO. Part 2

The first part of this article you can find in my previous posts.

In this article, we would like to tell you about the legal status of ICO in different countries.

There are 3 statuses:

ICO and tokens are being regulated by the state.
There is a small regulation or no regulation at all.
ICO is banned.

USA
ICO and token are classified as securities or assets depending on the nature of the project.

UAE
In Dubai ICO and tokens are not regulated by the government. Abu Dhabi's government categorize ICOs and cryptocurrencies as securities.

Japan
Japan doesn't have any laws regulating particularly ICOs and probably such regulations won't be implemented. Instead, the agency plans to use currently existing laws on payment services, exchanges and financial instruments. Depending on a character of given token offering, it will be regulated by appropriate laws.

South Korea
The government of South Korea has officially banned the ICOs and use of cryptocurrencies.

Hong Kong
Initial coin offerings are the most talked about, if not the most popular, form of fundraising for cryptocurrency projects around the world – and Hong Kong is starting to get in on the action. In fact, evangelists for cryptocurrencies see ICOs as a way for Hong Kong to regain its place at the forefront of the Asian, and even the global, financial services industry.

China
Absolutely no surprise here. It is just banned in China.

Gibraltar
In most cases it is not regulated by the government.