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Thanks to the ICO phenomenon, approximately 4 billion US dollars were raised in 2017. After a difficult start, ICOs are now becoming more and more professional and are also attractive for companies which raised and earned money with classical alternatives. This is not just hype - legislators and financial authorities have started to publish their opinions on ICOs.
The support of CMS is sought on many ICOs worldwide. Our aim to provide token emitters with profound legal advice, based on deep knowledge of the technologies behind ICOs. This short publication is a guide to the current state of play of the regulatory environment in select jurisdictions worldwide.