crypto

Crypto Valley Association Release Second Quarterly Global ICO Report

PwC Strategy&, in collaboration with the Crypto Valley Association (CVA), a not-for-profit established to foster the growth of the blockchain ecosystem in Switzerland, has published the June 2018 edition of their quarterly reports on the global ICO market.

The report is the second in the quarterly series and offers a comprehensive overview of ICO activity globally, highlighting the

Global ICO Report

maturation of the global ICO marketplace. It also offers insight into emerging regulatory developments, particularly within smaller jurisdictions seeking to emulate the success of ICO hubs such as Switzerland.

PwC Strategy& Collaborates with Crypto Valley Association to Produce Second Quarterly Global ICO Report

Report highlights maturation of the global ICO marketplace; New jurisdictions seek to emulate success of traditionally ICO-friendly hubs such as Switzerland

Zug, Switzerland, June 28, 2018 — Strategy PwC’s strategy and consulting division, in collaboration with the Crypto Valley Association (CVA), a not-for-profit established to foster the growth of the blockchain ecosystem in Switzerland, have launched the June 2018 edition of their quarterly reports on the global Initial Coin Offering (ICO) market. The report, the second in its series, provides an overview of ICO activity globally, while exploring key changes in the space since last year. It also presents insight into regulatory developments in key blockchain hubs such as the United States, Switzerland, and Singapore and examines emerging trends in smaller jurisdictions globally. It concludes by examining how ICO’s are disrupting the world of traditional finance.

“This report highlights the continued growth and popularity of ICOs globally in 2018, with over 537 ICOs conducted in the first five months of this year, raising a combined total of $13.7 billion USD – more than all ICOs which took place before 2018 combined. Going forward this quarterly report on global ICO activity will continue to track the changes and developments in the industry as it undergoes continuous expansion and substantive change,” said Daniel Diemers, Fintech Leader Switzerland, Head of Blockchain EMEA at PwC Strategy

While Switzerland, the United States, and Singapore continue to be leading centers for ICO activity, the United Kingdom and Hong Kong have emerged this year as increasingly significant actors within the nascent global market. Smaller jurisdictions including Liechtenstein, Gibraltar and Malta are also following in the footsteps of Switzerland to position themselves as ICO-friendly hubs. In addition, the report highlights regulatory developments surrounding ICOs globally, noting three distinctive approaches which can be used to characterize the majority of frameworks: ‘securities-driven’, ‘balanced’, and ‘binary’, most clearly observed in N. America, Europe, and Asia, respectively.
Olé Crypto,
CBNN

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