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In the UK, the Crypto currency was recognized as regulated
 Some countries have already equated tokens with securities. Now the UK did it. 12.Sep.17 3:40 AM By Jeff Bannister Photo Toinnov.com |
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The UK government concluded that the ICO is in line with the country's legal framework. Members of the Office of Financial Regulation and Supervision of the United Kingdom (FCA) studied the ICJ and concluded that most of the tokens sold to attract finance are in compliance with the country's legislation and, consequently, can be regulated. This was reported by the Financial Times. FCA representatives noted that the placement of tokens in many ways is similar to the placement of shares or crowdsale, so it can be used as a source of financing and is in a regulated field. However, companies that raise funds within the ICO are also required. They must comply with regulatory requirements and provide investors with security in the event of risks. The FCA Office's statement says that the crypto-currencies increase the investment opportunities of start-ups, but now the interests of investors are not protected because the value of the tokens varies depending on the success of the business that emerged on the ICO and how the companies will manage these finances. Previously, tokens to Securities were equated in the US and Canada. Now, this issue is being worked out in Hong Kong. | |
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