Stefan Kaske

Stefan Kaske and Tade Clausen give an outlook on the upcoming cannabis law, the role of cultivation clubs in the planned gradual legalisation of cannabis and the aspects to consider when founding a "Cannabis Social Club".

After the first two articles have presented the current and future regulatory framework, the final article of this trilogy now provides an outlook on how ICOs are likely to develop in the future under MiCA.

In today's second part of this article trilogy, future regulation under MiCA is presented.

ICOs were initially hailed as a "revolution" and "the next big thing". The largest ICO to date (Block.one's EOS) raised $4.2 billion. But figures show that the hype around ICOs has died down again and companies are turning back to classic, more regulated forms of financing. Reasons for this include the high risk for investors due to the lack of regulation. Now, with MiCA, the EU has created a regulatory framework for crypto assets, the declared aim of which is to promote ICOs and thus achieve an expansion of financing sources for companies. How will ICOs be regulated in the future? And is MiCA the chance for the EU to lead the way in crypto regulation and help ICOs become an integral part of the funding landscape?