EY’s ICO 2017 Report, Singapore and Switzerland as “ICO-Friendly”

EY’s ICO 2017 Report, Singapore and Switzerland as “ICO-Friendly”

Ernst & Young (EY) has recently announced that total funding via ICO was nearly USD 4bn, twice the volume of venture capital investments in blockchain projects. (1Q 2015 – November 2017)

Most of ICO projects have been originated so far in the US, Russia, and Singapore. Switzerland and Singapore are known as “ICO-friendly” countries.   

ICO valuation is often based on “fear of missing out(FoMO) ” instead of ICO project’s future plans as well as the nature of token, which leads to an extreme token price volatility in post-ICO trading.

While the regulation would be strengthened by existing laws in accordance with the nature of the token, market players are developing self-regulation such as the Simple Agreement for Future Tokens (SAFT).

The future of ICOs will be determined by the transparency of blockchain technology and the new standards, accepted by all participants, will be needed.  

Source: http://www.ey.com