German Financial Regulator Publishes Note on ICOs

[kreslik.news]

German financial regulatory body Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), or the Federal Financial Supervisory Authority, today published a note explaining initial coin offerings and how the authority body sees them. With this note, Germany joins a consortium of countries which have acknowledged the controversial fundraising instruments and provided some sort of clarification on the subject.

Discover credible partners and premium clients at China’s leading finance event!

BaFin stated that it has been receiving many inquiries about its stand on ICOs and whether tokens and digital coins distributed during ICO events are considered financial instruments.

In the issued ‘Letter of Advice’, the Bafin ... (read more)