Gibraltar Plans to Legalize ICOs

The Government of Gibraltar is preparing a legislation to regulate ICOs and their secondary markets
12 February 2018   106

Today, the Gibraltar Financial Services Commission (GFSC) announced that the Government of Gibraltar (HMGoG) and GFSC are jointly developing legislation for blockchain-based token offerings.

Following the GFSC’s Statement on ICOs in September 2017, Gibraltar’s Minister for Commerce, Hon. Albert Isola MP, announced that Government’s position on ICOs would be formulated by this month.

In December, HMGoG collected views of local stakeholders through a discussion paper on token regulation circulated to Gibraltar’s Finance Centre Council. Based on stakeholders’ feedback, work has now begun on drafting legislation to regulate the promotion, sale and distribution of tokens; secondary market activities relating to tokens; and the provision.

The regulations will mandate ICO issuers to follow disclosure rules that include ‘adequate accurate and balanced disclosure of information’ to all prospective token buyers. Also, the regulations will establish mechanisms to prevent financial fraud.

GFSC senior advisor on distributed ledger technology (DLT) Siân Jones stated that one of the key aspects of the token regulations is the introducing of the concept of regulating authorised sponsors.

A bill is expected to be considered by Parliament in the second quarter of 2018. If passed Gibraltar will be an attractive destination for businesses weighing up token sales in the coming months and cryptocurrency investment funds in the future.

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Eidoo to Launch ICO Powered by Visa

The Vio token sale will start on February 19, 2018 and will end on March 2, 2018 with 250M VIO tokens which will go on sale at a rate of 10,000 VIO token per 1 ETH
19 February 2018   200

Eidoo is a blockchain-to-human interface striving to simplify the interaction between the blockchain and its users. Eidoo wants its wallet to have a fast, easy to use, disruptive, flexible, feature rich, turn-key Ethereum implementation, based on ERC20 standard and EVM contracts, with an embedded token system to fund the development.

As it was announced in the Medium blog of Amelia Tomasicchio, the community manager at Eidoo, the Vio digital platform and Visa Direct will launch its token sale on February 19, 2018 through the Eidoo ICO Engine.

Eidoo and Vio collaborationEidoo and Vio Collaboration

The Vio token sale will start from 12 PM GMT on February 19, 2018 and will end on March 2, 2018. 250M VIO will go on sale at a rate of 10,000 VIO token per 1 ETH.

The users who want to participate in the Vio token sale, need to download Eidoo’s cryptocurrency wallet on their smartphones.

Vio’s Team believe that Eidoo has proven itself as the go-to platform for token sales, ensuring an unrivaled level of security and ease and use for participants. Vio is looking forward towards the launch of this collaborative partnership.

Team at Vio

Vio is a digital P2P transfer platform powered via Blockchain and Visa Direct. Vio users can send and receive funds domestically and internationally to another user's profile or wallet address.

At the moment of press, these are main market parameters of Eidoo token:

Average price: $2,61
Market cap: $76 264 732
24h volume: $11 515 100