ICO Regulations In The Offing In European Union by shakesthemix

View this thread on steempeak.com
cryptocurrency · @shakesthemix ·
$4.93
ICO Regulations In The Offing In European Union
In the back drop of massive losses by investors in Initial Coin Offering (ICO) exit scams, the European Parliament's Committee on Economic and Monetary Affairs has called for the creation of strict regulations relating to ICOs.

![ICO 2.jpg](https://cdn.steemitimages.com/DQmUaximiX4RWfYBvruYo8nLHVWeDQqodjuv4B1GkHY6yS6/ICO%202.jpg)
Source: https://upload.wikimedia.org.

While there have been many ICOs which have rewarded investors handsomely, there is no denying the fact that some of these cryptocurrency based fundraisers have taken investors for a ride. A report by Diar, a blockchain intelligence outfit, indicates that crypto investors have lost $100 million as at 13/08/2018. 
The biggest exit scam was pulled off by Shenzhen Puyin Blockchain Group in China. The failed startup raised a massive $60 million from its three ICOs. Chinese regulators have since banned ICOs and cryptocurrencies in the country.

Now, Members of the European Parliament have presented their opinions and comments on regulating and legalizing token issuance platforms and businesses in the EU.

The proposal has three main components in it:
1. It provides a solution for the fraud ridden ICO market.
2. It specifies a framework for competent and deserving ICO platforms and enterpreneurs to prove their legitimacy to the government.
3. It provides a regulatory framework which has to be complied with.

![ICO 1.jpg](https://cdn.steemitimages.com/DQmayZwGnPjALYzzvpb4kFRb3XLfT7EdZGQvWgoQj5y6NmV/ICO%201.jpg)
Source: https://siamblockchain.com.

While the proposed law may not provide a water-tight solution for regulating the ICO market, it is a step forward towards imposing standards and protection for this sector. 

The regulations will only apply to ICOs raising less than 8 million euros. It is not yet clear what will happen to projects raising more than this amount. Speculation is that they will be subject to even tougher rules.

It is hoped that the proposed regulation will help to stem the tide of ICO exit scams and crypto linked frauds with the ultimate goal of protecting investors and consumers from further abuse and losses. Let's hope they achieve their aim.
๐Ÿ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 80 others
๐Ÿ‘Ž  ,
properties (23)
post_id59,806,414
authorshakesthemix
permlinkico-regulations-in-the-offing-in-european-union
categorycryptocurrency
json_metadata{"tags":["cryptocurrency","crypto","blockchain","ico","steemitcentral"],"format":"markdown","image":["https:\/\/cdn.steemitimages.com\/DQmUaximiX4RWfYBvruYo8nLHVWeDQqodjuv4B1GkHY6yS6\/ICO%202.jpg"],"links":["https:\/\/upload.wikimedia.org","https:\/\/siamblockchain.com"],"app":"steemit\/0.1"}
created2018-08-15 20:16:30
last_update2018-08-15 20:16:30
depth0
children12
net_rshares3,685,679,082,536
last_payout2018-08-22 20:16:30
cashout_time1969-12-31 23:59:59
total_payout_value3.985 SBD
curator_payout_value0.944 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,162
author_reputation610,317,124,268
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (146)
@upmewhale ·
re-shakesthemix-ico-regulations-in-the-offing-in-european-union-20180815t204725806z
You got a 6.26% upvote from @upmewhale courtesy of @shakesthemix!

Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
properties (22)
post_id59,808,274
authorupmewhale
permlinkre-shakesthemix-ico-regulations-in-the-offing-in-european-union-20180815t204725806z
categorycryptocurrency
json_metadata{"app":"postpromoter\/2.0.0"}
created2018-08-15 20:47:24
last_update2018-08-15 20:47:24
depth1
children0
net_rshares0
last_payout2018-08-22 20:47:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length168
author_reputation28,693,120,207,612
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@tts · 
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/shakesthemix__ico-regulations-in-the-offing-in-european-union.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
๐Ÿ‘  
properties (23)
post_id59,809,200
authortts
permlinkre-ico-regulations-in-the-offing-in-european-union-20180815t210139
categorycryptocurrency
json_metadata{}
created2018-08-15 21:01:39
last_update2018-08-15 21:01:39
depth1
children1
net_rshares555,012,999
last_payout2018-08-22 21:01:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length371
author_reputation-4,535,933,372,579
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@shakesthemix · 
Thanks very much for availing your service to me. Greatly appreciated.
properties (22)
post_id59,813,033
authorshakesthemix
permlinkre-tts-re-ico-regulations-in-the-offing-in-european-union-20180815t210139-20180815t220418700z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit\/0.1"}
created2018-08-15 22:04:15
last_update2018-08-15 22:04:15
depth2
children0
net_rshares0
last_payout2018-08-22 22:04:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length70
author_reputation610,317,124,268
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jidmi2747 · 
Wow
properties (22)
post_id59,837,212
authorjidmi2747
permlinkre-shakesthemix-ico-regulations-in-the-offing-in-european-union-20180816t043011562z
categorycryptocurrency
json_metadata{"app":"steemit\/0.1","tags":["cryptocurrency"]}
created2018-08-16 04:30:21
last_update2018-08-16 04:30:21
depth1
children0
net_rshares0
last_payout2018-08-23 04:30:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length3
author_reputation180,578,760,077
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@globalfortune · 
This is a welcome development
properties (22)
post_id59,853,724
authorglobalfortune
permlinkre-shakesthemix-ico-regulations-in-the-offing-in-european-union-20180816t083500803z
categorycryptocurrency
json_metadata{"app":"steemit\/0.1","tags":["cryptocurrency"]}
created2018-08-16 08:35:06
last_update2018-08-16 08:35:06
depth1
children0
net_rshares0
last_payout2018-08-23 08:35:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length29
author_reputation4,168,693,834
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steemitboard · 
Congratulations @shakesthemix! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png)](http://steemitboard.com/@shakesthemix) Award for the number of upvotes

<sub>_Click on the badge to view your Board of Honor._</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Do not miss the last post from @steemitboard:**
<table><tr><td><a href="https://steemit.com/steemfest/@steemitboard/steemfest-steemitboard-support-the-travel-reimbursement-fund"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmawPYDAwfrQM8YU6ejD1f87g64cvsmEFn8RQKHJMs4zxg/image.png"></a></td><td><a href="https://steemit.com/steemfest/@steemitboard/steemfest-steemitboard-support-the-travel-reimbursement-fund">SteemFestยณ - SteemitBoard support the Travel Reimbursement Fund.</a></td></tr></table>

> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
properties (22)
post_id61,701,390
authorsteemitboard
permlinksteemitboard-notify-shakesthemix-20180906t021526000z
categorycryptocurrency
json_metadata{"image":["https:\/\/steemitboard.com\/img\/notify.png"]}
created2018-09-06 02:15:24
last_update2018-09-06 02:15:24
depth1
children0
net_rshares0
last_payout2018-09-13 02:15:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,210
author_reputation38,705,954,145,809
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@quarantine ·
$1.05
<h1>This Account @shakesthemix is Under Quarantine!
The Account is in The Hackers / Phishers Hand.
Do Not Up Vote !</h1>

<h5>Warning!      Do not Interact with @shakesthemix Account.
Do Not Click , on Any of the comment.</h5>

<h5> 
* This message comes out when your account have been Hacked.
* Lost Control of your Account to The Phishers.
* Transaction transfer of fund to Hacker Accounts. </h5>


https://steemitimages.com/256x512/https://cdn.steemitimages.com/0x0/https://s19.postimg.org/5qhtb7r6r/warning22.png https://cdn.steemitimages.com/DQmZ2CvHyRusnG9VPihE5evwRYQxbvkP8xS886oEYuaLnmX/keepout.png
๐Ÿ‘  , , , , , ,
properties (23)
post_id61,717,154
authorquarantine
permlinkre-shakesthemix-ico-regulations-in-the-offing-in-european-union-20180906t063439890z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit\/0.1","image":["https:\/\/steemitimages.com\/256x512\/https:\/\/cdn.steemitimages.com\/0x0\/https:\/\/s19.postimg.org\/5qhtb7r6r\/warning22.png"],"users":["shakesthemix"]}
created2018-09-06 06:34:51
last_update2018-09-06 06:34:51
depth1
children0
net_rshares972,424,201,940
last_payout2018-09-13 06:34:51
cashout_time1969-12-31 23:59:59
total_payout_value0.813 SBD
curator_payout_value0.241 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length607
author_reputation12,525,001,246,993
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (7)
@steemitboard · 
Congratulations @shakesthemix! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png)](http://steemitboard.com/@shakesthemix) Award for the number of upvotes

<sub>_Click on the badge to view your Board of Honor._</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
properties (22)
post_id63,285,518
authorsteemitboard
permlinksteemitboard-notify-shakesthemix-20180925t103123000z
categorycryptocurrency
json_metadata{"image":["https:\/\/steemitboard.com\/img\/notify.png"]}
created2018-09-25 10:31:24
last_update2018-09-25 10:31:24
depth1
children0
net_rshares0
last_payout2018-10-02 10:31:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length682
author_reputation38,705,954,145,809
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steemitboard · 
Congratulations @shakesthemix! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png)](http://steemitboard.com/@shakesthemix) Award for the number of upvotes

<sub>_Click on the badge to view your Board of Honor._</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Do not miss the last post from @steemitboard:**
<table><tr><td><a href="https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-resteem-and-resteemed-added"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmfRVpHQhLDhnjDtqck8GPv9NPvNKPfMsDaAFDE1D9Er2Z/header_ranking.png"></a></td><td><a href="https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-resteem-and-resteemed-added">SteemitBoard Ranking update - Resteem and Resteemed added</a></td></tr></table>

> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
properties (22)
post_id64,640,199
authorsteemitboard
permlinksteemitboard-notify-shakesthemix-20181021t071705000z
categorycryptocurrency
json_metadata{"image":["https:\/\/steemitboard.com\/img\/notify.png"]}
created2018-10-21 07:17:06
last_update2018-10-21 07:17:06
depth1
children0
net_rshares0
last_payout2018-10-28 07:17:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,208
author_reputation38,705,954,145,809
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steemitboard · 
Congratulations @shakesthemix! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@shakesthemix/votes.png?201811171644</td><td>You made more than 1250 upvotes. Your next target is to reach 1500 upvotes.</td></tr>
</table>

<sub>_[Click here to view your Board of Honor](https://steemitboard.com/@shakesthemix)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Do not miss the last post from @steemitboard:**
<table><tr><td><a href="https://steemit.com/steemfest/@steemitboard/meet-the-steemians-contest-intermediate-results"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmeLukvNFRsa7RURqsFpiLGEZZD49MiU52JtWmjS5S2wtW/image.png"></a></td><td><a href="https://steemit.com/steemfest/@steemitboard/meet-the-steemians-contest-intermediate-results">Meet the Steemians Contest - Intermediate results</a></td></tr></table>

> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
properties (22)
post_id66,179,538
authorsteemitboard
permlinksteemitboard-notify-shakesthemix-20181117t174353000z
categorycryptocurrency
json_metadata{"image":["https:\/\/steemitboard.com\/img\/notify.png"]}
created2018-11-17 17:43:51
last_update2018-11-17 17:43:51
depth1
children0
net_rshares0
last_payout2018-11-24 17:43:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,255
author_reputation38,705,954,145,809
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steemitboard · 
Congratulations @shakesthemix! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@shakesthemix/votes.png?201812092020</td><td>You made more than 1500 upvotes. Your next target is to reach 1750 upvotes.</td></tr>
</table>

<sub>_[Click here to view your Board of Honor](https://steemitboard.com/@shakesthemix)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Do not miss the last post from @steemitboard:**
<table><tr><td><a href="https://steemit.com/steemitboard/@steemitboard/5jrq2c-steemitboard-saint-nicholas-day"><img src="https://steemitimages.com/64x128/http://i.cubeupload.com/mGo2Zd.png"></a></td><td><a href="https://steemit.com/steemitboard/@steemitboard/5jrq2c-steemitboard-saint-nicholas-day">Saint Nicholas challenge for good boys and girls</a></td></tr></table>

> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
properties (22)
post_id67,209,848
authorsteemitboard
permlinksteemitboard-notify-shakesthemix-20181209t211844000z
categorycryptocurrency
json_metadata{"image":["https:\/\/steemitboard.com\/img\/notify.png"]}
created2018-12-09 21:18:42
last_update2018-12-09 21:18:42
depth1
children0
net_rshares0
last_payout2018-12-16 21:18:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,189
author_reputation38,705,954,145,809
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steemitboard · 
Congratulations @shakesthemix! You received a personal award!

<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@shakesthemix/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>

<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@shakesthemix) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=shakesthemix)_</sub>


###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
properties (22)
post_id77,578,693
authorsteemitboard
permlinksteemitboard-notify-shakesthemix-20190706t172605000z
categorycryptocurrency
json_metadata{"image":["https:\/\/steemitboard.com\/img\/notify.png"]}
created2019-07-06 17:26:06
last_update2019-07-06 17:26:06
depth1
children0
net_rshares0
last_payout2019-07-13 17:26:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length635
author_reputation38,705,954,145,809
root_title"ICO Regulations In The Offing In European Union"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
Help/Feedback