Regulation of ICO, again and again !!

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It has been some time since governments around the world want to regulate the world of crypto currencies and other ICOs. Everyone goes with his idea, his proposals, his reflections.

Are cryptocurrencies real currencies, or movable property? How to prevent money laundering? How can terrorism not be financed through these new currencies?

And many other questions.

With regard to ICOs, each country tries to provide an answer. Some countries have evaded the problem by banning them altogether.

Still others check each ICO piecemeal.

ICO must be encouraged

In Israel, a serious regulator has looked into the matter.

This is the former president of the Israel Securities Authority, (ISA), Shmuel Hauser.

For him, it is necessary to favor the creation of an international financial center for the ICO.

And he explains that it should first define this product: is it a room, a security, or a bit of both?

It is also necessary to define a regulatory framework that is different from that of IPOs.

But for him, we must above all be in favor of this new financial product and look for bold solutions that would pass through an international financial center for ICO.

It should be noted that Israel is considered a startup state with these more than 5000 high tech startups.

And the problem of these startups is precisely their funding. Because after a short time these startups disappear where are sold.

ICOs could be an answer to this problem, between start-up financing and public call ICO.

Thus, according to his calculations, if Israel allowed the system of ICO to develop, there should be more than a thousand in 2018!

Draft laws are studied in the USA

In the USA too, state officials are working on ICOs, cryptocurrencies and other Blockchain technologies.

For example, Democratic MP Clyde Vanel, who introduced this week four bills in the state of New York.

These projects aim to create a working group that will look at the impact of these new products in the state economy.

The members of this commission will be appointed by the President of the Senate and will attempt to provide solutions to the problems raised by the ICOs.

To conclude, it should be noted that until today, it is Europe that raises the most funds through the ICO, with 46% of all funding.

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