Perhaps Iota has complied in Norwary under EU law.
No, it doesn't comply. There is no jurisdiction exists in Europe which allows raising capital by promising to deliver a radically new, novel microprocessor design and a revenue generating IoT system, while the business operates in the momma's basement of the CEO, the business has no office nor R&D facilities nor any employees. In the meantime, the completely baseless promise of microprocessor and IoT system is framed in a crypto currency ICO which is hyped by an army of sockpuppets and shills to target noobs and naive idiots via a pump and dump process. Such "project" is classified as a fraud in all European jurisdictions.