Taiwan authorities intend to facilitate ICO

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The financial Supervisory Commission of Taiwan (FSC) develops the rules of regulation of primary offerings crumples (ICO), planning to do campaigns for raising funds is completely legal and extremely simple. CCN reported citing local media.

According to the Chairman of the FSC Wellington Koo, a regulatory framework is necessary in order to simplify the investment process and give the tokens greater liquidity. He also noted that the new rules will not be prescribed the regulation of utility-tokens.

“The Commission does not intend to limit the creativity and the performance associated with cryptocurrencies, if it is not used as securities,” said Ku.

It is reported that the final document will be prepared by the summer of 2019.

We will remind, in April the Central Bank of Taiwan has proposed to develop new rules that bitcoin will be subject to current regulations to combat money laundering.

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