NEW YORK: When US entrepreneur Bharath Rao looked around for the best place to raise money for his cryptocurrency derivatives trading business, the United States did not make his list. Central Europe saw 14 companies registered this year, compared with one in 2016 and the Caribbean hosted 10, up from two last year. "Different jurisdictions will look at token sales through different lenses and it would be very difficult to get on a completely harmonized place. "We may need to have some guard rails," he said. "I don't think it's really fair for legitimate platforms that are trying to create new and innovative business models to be thrown in with other less scrupulous parties who may see token sales as a way of making a fast buck."

Source: Economic Times November 28, 2017 07:29 UTC