Move ‘Em Out: ICOs Don’t Seem So Scary Outside the US

In an environment of regulatory uncertainty, where the SEC has begun investigating ICOs and the industry surrounding the capital raising technology but has yet to make a formal decision of how it will regulate crypto tokens, issuers and other stakeholders are finding other jurisdictions a better bet for launching their projects. Both on stage and off during Blockchain Week, startup founders, attorneys and investors had strong opinions about how far to go in an environment where enforcement agencies know how easy the market boom for the tokens makes it for malicious actors to spin up a fake company and bilk millions of dollars out of unwitting buyers. Throughout the day, different speakers returned to the question of regulation, and from the stage it began to become clear that the rest of the world isn’t nearly as complicated as the U.S. This is perhaps unsurprising – as the world’s biggest economy it also has the most rules. Regulators in the U.S. would much rather err on the side of caution, even if that means curtailing some of the excitement. But other parts of the world take a more open-minded, if not lax, approach and that’s luring some ICO issuers overseas.

Read more

You can leave a response, or trackback from your own site.

Leave a Reply