[2018-09-13] Coinatory: ICO tokens can be recognized as securities in UAE

[coinatory.com]

The United Arab Emirates is studying various approaches to regulating the ICO. One of them is to equate tokens with securities.

The Securities and Commodities Authority of the United Arab Emirates (SCA) studied the market of crypto and ICO, the approach of various countries to their regulation and prepared a set of rules and mechanisms for cryptomarket. Sultan Bin Said Al Mansouri, Chairman of the Board, said that the token and the initial offer of coins will be regulated in accordance with the current securities laws. This will be the first step on the road to modernization and

Read more: https://coinatory.com/2018/09/13/ico-tokens-can-be-recognized-as-securities-in-uae/

[snipie]

I believe they have just one ICO running in their country so it is not a big deal. The most important part is to see other countries following them and regulating ICO so less people get scammed 

[BitcoinGuruOne]

I am a but woried if everyone is just going to make ICOs equal to IPOs, i believe that it will make them equaly hard to perform thus making them useless.

I a gree that there should be regulation but it should make investing in startups easier than currently. I personally am waiitng on EU regualtion on cryptos mainly because they will be unique and most likley the rest of the world will follow.