European Union discusses new regulations on ICOs
The European Parliament analyzes a new proposal for regulation as well as the benefits and risks of including ICOs in the block of member countries
On Tuesday, September 4th, members of the European Parliament discussed a new proposal for the regulation of the Initial Offers of Cryptocurrencies, ICOs, among the members of the European Union.
Among the aspects analyzed by the PE innovation group, the risks and benefits of the ICOs were included, as well as the rules for incorporating them into a broad framework of collective financing.
Ashley Fox, a member of parliament, made the proposal in which she requested a maximum amount of 8 million euros for the proceeds from the sale of the tokens. She also requested the requirements of “Know your Client / Anti Money Laundering”.
For his part, Nicolas Brien, director general of France Digitale, said that “the market wants legitimacy … of all jurisdictions. In the UK it is particularly bad, none of the banks will bank you if you have crypto.”
Hence the urgency of new regulations that, if accepted, would serve to create a standard for the sales of tokens, the launching of projects to raise funds and negotiations in the 28 member countries.
M.Pino
Source: Diario Bitcoin
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