ICO event Amsterdam: best possible crowdsale price is at least $10 m

On November 29, the capital of the Netherlands hosted a conference dedicated to cryptocurrency crowdsales – ICO event Amsterdam. Participants discussed opportunities and risks related to ICOs, investment and marketing strategies as well as legal regulation. The conference was attended by more than 250 people: investors, startupers, lawyers, business coaches and fintech experts.

12 experts from 8 countries spoke at the conference, and 20 companies were involved in the exhibition of blockchain innovations.

Besides speakers’ presentations, the conference also included a panel discussion, allowing participants to share their experience of successful launching of various tokens.

Conference key topics:

Legal aspect

One of keynote speakers was Lars Van De Ven, a representative of the Netherlands Authority for the Financial Markets (AFM). He expressed the official position of his organization: “Today, risks from investments in ICOs are definitely outweighing their benefits.”

Lars Van De Ven revealed in detail the concept of the AFM: main values protected by the Authority include stability, honesty, protection of personal data and combating fraud and money laundering.

He explained that in 2016 the department established a working group, focusing on innovations and financial technologies. However, unfortunately, a lot of ICOs are beyond the AFM competence now. Therefore, the main thing for the industry to strive for is self-regulation…

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