Europe surpassed the US and Asia in terms of collected during the ICO funds

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Europe surpassed the US and Asia in terms of collected during the ICO funds

According to the report the investment Fund Fabric Ventures, Europeans gathered in 2018 almost two times more in the course of ICO than Americans or Asians. If the projects of the Old world raised $4.1 billion, in the New world the figure is $2.6 billion, and in Asia of $2.3 billion, says Trust Nodes.

London and Switzerland are now neck and neck: their residents are attracted during the ICO about half a billion. Approximately the same funds were collected in Estonia and Lithuania together:

The geographical distribution of tomenselo as of October 2018

According Fabric Ventures, half a billion dollars was raised in China, despite the fact that local authorities actually forbade ICO. However, the second economy in the world barely managed to circumvent Israel (almost $400 million).

In Asia, Singapore is clearly the leader, while Japan is lagging.

The sensation was definitely Europe:

The volume of funds raised in the ICO in October 2018 in different parts of the world (where legal registration of the founders)

On the “intervention” of the Commission on securities and stock exchanges of the USA in the economy of tokens Europe replied that widely opened the doors for innovation.

For example, the French government recently declared one of the most progressive approaches to takesall. While Britain did not intervene in this field, giving entrepreneurs the freedom of action. The financial Supervisory authority of the country declared that does not regulate blockchain technology and sector ICO.

In turn, Switzerland has officially held the differences between the payment tokens, service tokens and digital engagement in the real goods or services (payment, utility and asset tokens).

Talented professionals in the technology field in the European Union and the United States. October 2018

The report Fabric Ventures says:

Competition has led to the fact that countries started to develop different versions of the legislation in the most transparent and efficient manner to ensure the operation of business models and governance structures and decentralized networks. […] The fruit of a European competition was the formation of the progressive legislative environment favorable for the founders of the ICO projects, decentralized networks and their native scriptaction.

This approach is clearly working: in Europe during the ICO collected billions of dollars — more than anywhere else. And this is happening now, while some of the more liberal laws do not even entered into force (in France cryptocurrency legislation is under development).

This leads to competition between the two largest economies — the us and Europe, which traditionally show similar results with respect to GDP.

If the first restricted entrants to the ICO by a narrow circle of rich investors, the latter have created a specific legislative framework for the new digital world with its needs.

Distribution of tokens should be as broad as possible — only in this case the whole system will work:

The distribution of tokens October 2018

Otherwise, startups will directly to go to venture capitalists: this year the traditional way has raised more than $1.6 billion.

In this sphere also there is a significant and strong growth, especially this year, when the amount of funds distributed venture capitalists, doubled:

The ICO compared to traditional venture capital, October 2018

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