German Regulator Clarifies Obligations For ICO Operators Following Increased Interest | 코인긱스

German Regulator Clarifies Obligations For ICO Operators Following Increased Interest

0

Germany follows Switzerland in clarifying obligations for ICOs under its jurisdiction following an increase in queries.

Germany’s Federal Financial Supervisory Authority (BaFin) has clarified obligations for Initial Coin Offering (ICO) tokens after receiving “increased queries” about their legal status in a note issued Tuesday, Feb. 20.

The note from BaFin is a follow-up on its warning to investors from November 2017, in which it discussed the potential “risks” of ICOs.

The update comes “against a background of increased enquiries to BaFin regarding the areas of securities and asset management,” the note states, with potential ICO operators enquiring “whether the underlying tokens, coins or cryptocurrencies behind so-called ICOs are viewed as financial instruments within the area of securities supervision.”

BaFin follows its counterparts in Switzerland, where financial regulator FINMA last week similarly introduced new regulatory guidelines for ICOs in response to a large number of questions on how they should be treated within the current legal framework.

On Tuesday, Feb. 20, Cointelegraph reported on how the US state of Wyoming had passed a Bill exempting some token offerings from securities conformity if they met certain requirements by July, 2018.

Under Germany’s jurisdiction, ICO operators “are required to check exactly whether a regulated instrument, [such as] a financial instrument… or a security, is being dealt with, in order to fulfil potential legal requirements without any gaps.”

This month the country also joined a cross-Europe push to debate wider cryptocurrency regulation on an international level during March’s G20 Summit in Argentina.

https://cointelegraph.com/news/german-regulator-clarifies-obligations-for-ico-operators-following-increased-interest

No comments

질리카, 특화된 샤딩과 실라 그리고 인도상장

암호화폐 시장은 때때로 누가 얼마나 빠른 트랜드를 강점으로 내세울 수 있냐가 성공의 관건이 되기도 한다. 트론의 DPoS채택이 그랬으며 이번 돌풍을 일으키고 있는 싱가포르 프로젝트 질리카(Zilliqa)의…