Do you want to relocate your Blockchain company to an ICO friendly country? the ICO friendliness rating index is a interactive way to go through the list of countries that are hostile or favorable to ICO and Cryptocurrencies.
Attention! a disclaimer is required:
No Legal Advice or Attorney-Client Relationship: This chart is provided for informational purposes only and is not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Recipient should not act upon this information without seeking advice from a lawyer licensed in his/her own state or country.
I've created the ICO-Rating Index, a number (0-5) that represent how friendly a country is toward ICO and Cryptocurrencies in general. It can have the following values:
- unknown (0),
- prohibited (1)
- mostly unfavorable (2),
- mostly favorable (3),
- favorable (4),
- legalized (5).
All maps are generated every 12 hours automatically. Official sources or link to online rating are always provided.
Switzerland hosts the fourth highest number of ICOs, after the U.S., the U.K., Russia.
The US Security Exchange Commission (SEC) is currently trying to categorize Cryptocurrencies, and landscape will changes a lot in the coming months. In between you can still apply the Howey Test (online test) to distinguish in which category your token apply. Your token can be either a Utility token or a security token:
Utility tokens, also called user tokens or app coins, represent future access to a company’s product or service. The defining characteristic of utility tokens is that they are not designed as investments (if properly structured)
If a Crypto token derives its value from an external, trade-able asset, it is classified as a security token and becomes subject to federal securities regulations. Failure to abide by these regulations could result in costly penalties and could threaten to derail a project. However, if a startup meets all its regulatory obligations, the security token classification creates the potential for a wide variety of applications, the most promising of which is the ability to issue tokens that represent shares of company stock.
https://ico.tokens-economy.com display in an entertaining way the state of ICO worldwide legal framework and will be a work in progress for the next months to come.
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