Gibraltar official against one-size-fits-all ICO regulations

Blockchain Europe Gibraltar Regulations

In a recent interview for CoinDesk, Sian Jones, a senior advisor to the Gibraltar Financial Services Commission (GFSC), said that it’s not the regulator’s place to determine “what ‘good’ looks like in token sales,”

Jones added that creating a set of principles for best practice is the correct approach, as compared to implementing one-size-fits-all regulations to the blockchain. “The marketplace will determine what a good ICO looks like,” she said.

Jones’ comment comes following recent moves by the commission to regulate ICO via a licensing system.

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Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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