Consultation paper on ICO

Consultation paper: Preparation of regulatory framework for ICO

Due to the increase of fundraising using the blockchain technology (ICO) and a number of legal issues raised, the Securities Market Agency has prepared a consultation paper concerning the regulation of ICOs. This document includes the definition of ICO, a warning of the risks associated with ICO, an analysis of the existing ICO legal framework in relation to rules falling within the competence of the ATVP and questions to the interested public regarding the possible systemic regulation of the ICO area in the future.

At the proposal of some interested parties, the Agency decided to extend the deadline for replies related to the ICO consultation paper until April 6, 2018. The Agency seeks to cover the broadest public and to prepare a comprehensive expert analysis which will provide guidance on the future regulation of this area. . Interested parties are welcome to submit answers to the following email address: .

Consultation paper:




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