Liechtenstein Government Passes New Regulation for secuirties

Ailmand

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Quote from: Haunebu on May 11, 2019, 03:19:15 PM

This is good news. An outright ban would be horrible, but they are thinking of regulating it which is much better in comparison. I know many people don't like the idea of crypto being regulated, but that is the only way crypto can achieve mainstream adoption.

Would be great, since their main aim for regulating it is to improve investor protection and to fight money laundering.

I agree with your statement, there's no other way for government to accept and adopt crypto, not unless it will be regulated. We cannot achieve mass adaptation without the government approval. Most government opt to ban crypto, would have been better for it to be regulated than to let it be restricted to it's citizen.

dothebeats

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It seems that Liechtenstein already learned some lessons by studying the ill effects of ICOs on ogher countries who first started the trend. It's actually a great move considering that they already have a basis on their decision, moreso an actual figure to work with in order to draw a reasonable line for regulating the cryptospace and traditional investments. This is what should be done by other countries, checking all relevant parameters and figures set by those who already hopped in on the trend and try to use those numbers in order to come up with a better framework, not outright banning nor letting the market free from everything.

rdbase

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These are the first steps to get crypto accepted in more countries world wide and not just a selected few.
Even if it is tokenization being accepted and not feared like it was in the us, next on the list should be cryptocurrencies a better licensing process then what was going on in new york which seems to have problems of their own now regulating it for businesses.
With fidelity coming into the mix with accepting bitcoin on their platform, this can only pave the way to progress ahead.

Haunebu

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This is good news. An outright ban would be horrible, but they are thinking of regulating it which is much better in comparison. I know many people don't like the idea of crypto being regulated, but that is the only way crypto can achieve mainstream adoption.

CryptoBry

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Quote

So there is still interest when what there is to be done in several countries concerning tokens. Yet the states have not and have strictly outright banned them when it comes to having them viewed under one law calling them securities.

I am seeing that Germany is more open-minded when it comes to cryptocurrency and tokenization. I am happy to note that projects can now offer tokens to the public or the investors without the fear of being accused as selling securities which is contrary to the current stand of the USA SEC on the same matter. What we really need is a comprehensive law governing this new platform so that companies can have the opportunity to do crowdsale for their projects while at the same time token buyers are protected. This is in fact the best way to deal with scams as there will be vetting process open to the public. With regulations, we should be expecting some restrictions but this can be opening many new opportunities. And Germany is seeing this as a good opportunity.

rdbase

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The liechtenstien government wants to put a law to govern the blockchain and tokenization so they arent considered to be securities. Causing issues in the united states and have caused many to lose their investments in those early ico which gave out tokens for funding their projects early 2017 into 2018.
source https://cointelegraph.com/news/liechtensteins-government-passes-new-regulation-concerning-blockchain-and-tokens

Germany also wants regulation on tokens
source https://cointelegraph.com/news/germany-plans-major-digital-token-regulation-effort-in-2019-says-source

So there is still interest when what there is to be done in several countries concerning tokens. Yet the states have not and have strictly outright banned them when it comes to having them viewed under one law calling them securities.

Topic: Liechtenstein Government Passes New Regulation for secuirties (Read 182 times)