EU Authority Requests EU-Wide Investor Protection for ICOs

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The European Union has been requested to adopt a common EU-wide approach by the European Securities & Markets Authority for all ICOs (initial coin offerings) and crypto-assets. The intention is to protect future investors and shareholders against fraudulent transactions and misappropriation.

The authority states that EU anti-money laundering regulations should be applied to all trading and activities relating to crypto-assets; including suitable risk disclosure to customers, especially for crypto-assets that are not eligible to be financial instruments under MiFID (the EU Markets in Financial Instruments Directive).