ICO regulation remains the grey area in crypto-scene despite recent ICO bans in China and South Korea along with other countries attempting to draw regulatory lines on cryptocurrencies and ICOs. However, there are projects that are ready to take the first step on their own.
Prediction Markets LTD, a London-based company that is developing a new decentralized prediction market platform based on Ethereum smart contracts - Moirai, has made a serious effort to become one of the first legally regulated ICOs in the market. The company has submitted several applications to acquire licenses required for providing gaming and software services in the UK. The company is expecting licenses to be obtained by the end of this year, right before the end of its public sale.
“…Considering the increasing number of similar projects in the crypto world, a license like this is sure to become a scarce asset in the near future. We felt that securing the license early on, will give us the competitive edge over our competitors and will give us more credibility moving forward. For us it’s a big step-forward towards making Moirai platform a truly global and public prediction market” said Moirai’s CEO, Gary Taylor.
https://coinidol.com/moirai-prediction-market-become-first-regulated-icos/
