Legalization of ICO

Last week, one of the newsmakers of the ICO world was the Interparty Group of the #EuropeanParliament on Innovation, which discussed the possibility of introducing a standard for the ICO. This group proposed to limit the #token sales 8 million euros, and start-ups, in turn, will have to comply with the rules for combating money laundering and customer identification.

If the new rules are approved, then all block projects will be able to legally attract financing in the territory of 28 EU member states. In addition, Ashley Fox Member of the European Parliament, said that the government is trying to make the ICO area as successful and safe as possible.

This #news was also commented by Nicolas Brien, Managing Director of #FranceDigitale — “We must clearly clarify which tokens are utilitarian and which are transferred securities, and how all this should look at the regulator. This is necessary, because ICO is a form of crowdfunding.”

However, no specific decisions were taken during the meeting itself, and the members of the European Parliament themselves can offer their comments right up until today. The comments themselves will already be considered at the next stage of the discussion.

And how do you think it is high time to #legalize this activity?

✍️Write in the comments what you think about this news!!