Head-to-head: Should there be global harmonisation of ICO regulation?

Author: | Published: 27 Apr 2018

Q: Should there be global harmonisation of ICO regulation?



Yes

Syed Musheer Ahmed, General manager (Interim), Fintech Association of Hong Kong

Blockchain is one of the most exciting technologies of the last 20 years and with the high amount of interest in its varied applications across industries,there are bound to be more initial coin offerings (ICOs) and token generation events (TGEs). ICOs raised over $5.5 billion in 2017 and over $2 billion in the first quarter of 2018, despite restrictions and regulatory action. It is estimated that the Telegram ICO alone raised $850 million in its pre-ICO sale.

As ICOs and TGEs attract global investors and impact multiple jurisdictions, it is crucial to have regulators and policy makers on the same page. Besides protecting investors, there is also a need to have a balanced and harmonious global regulatory approach for the many ICO issuers keen to follow the...


 

 

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