Post
Topic
Board Legal
Re: Do ICO's need licenses?
by
chaoscoinz
on 21/10/2017, 22:27:53 UTC
Lately there's been a lot of talk about regulation. What about ICO's?

What do you see with the ones complying with governments? It seems to be a big play longevity wise.

For ex. Unikrn got their Malta license, making esports fiat wagering legal in most of europe. Does this pave the way for future ico's? Should this be an indicator of a good, trustworthy ico?

More info: https://www.coindesk.com/regulated-cryptocurrency-betting-just-got-big-boost-europe/

I think that it is more or less, up to the governing bodies of each country,  state, or province to decide exactly what criteria, and area these offerings fit into. In the U.S, depending on how the token is issued, and what terms are given by the company offering the tokens, an ICO could end up being held as a security token, which would acquire you to be an accredited investor, in order to participate in the offering, but you see, each countries laws will vary.
   I think that regulations should be passed in order to give more guidance on how to proceed legally through these workings.