April 16, 2018: There is debate over the countries that are friendly toward ICOs. The list of the friendliest ones includes Estonia, Switzerland, Luxembourg, Singapore, Gibraltar, the Cayman Islands, Lithuania, and Malta. Then there are regions such as the EU, the US, and Russia that are strict but open to the idea of ICOs. Then again, there is Japan, which has legalized the use of crypto money. Last, there’s China and South Korea that have banned this digital crowdfunding phenomenon altogether. All of these developments are making the ICO landscape evolve in unimaginable ways. Just like a region’s regulatory friendliness, its jurisdictional history in dealing with crypto assets is yet another important factor that changes the way these ICOs raise money. More commodity regulators are desperate to find fraud in ICOs. These agencies worldwide analyze the representations and promises that an ICO makes to its investors and consumers. With that analysis, these agencies are nipping all those scammed ICOs right in the bud. Many ICO investors find the involvement of regulatory bodies in ICOs reassuring, as many projects make unrealistic claims or sell security tokens as consumer assets. But what are these regulations, anyway? Let us explore. The local regulations…
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