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The German Financial Authority is issuing new guidelines for regulating ICO

2018-02-22 09:59 am | Resource: News Section | No Views : 27

The German Financial Authority is issuing new guidelines for regulating ICO The German Federal Financial Supervisory Authority has issued new guidelines on how to classify digital currencies and their various trading offices and classify Token symbols.
The agency published an e-mail last Tuesday on the hesitations reached by some companies about hosting digital sales and initial symbols within Germany.
The move came after the warning of the Federal Federal Financial Control, in late 2017 regarding the risks caused by digital currencies and investment in them.
The e-mail reveals the intention of the Commission to conduct a thorough examination of each individual case and to determine their legal status. It also provided advice to start-ups looking to launch digital currency investment offices in Germany to ensure the validity of their products and their legitimacy Across the European Union.

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