procedures, whether the contracting party or beneficial owner is a politically exposed person, a family member, or a known close person.
Continuous monitoring of the business relationship, including transactions carried out during it.
Additional comments regarding (i) the legal situation for ICOs/token/coins and (ii) any following transfer of token/coins to third parties
The German Electronic Securities Act which was enacted in 2021 and which currently only applies to debt securities to bearer may drive the development of a general legal framework for the tokenisation of any kind of asset.
Economic conditions
Market size for ICOs/token sales and existence of any previous regulated ICO/token sales in the jurisdiction
We don’t have exact numbers regarding the exact volume of all ICOs combined, but (regulated) ICOs take place almost every day nowadays.
Additional comments regarding the economic situation for ICOs/token sales or what companies must be aware of in this business area
Now, that ICOs are conducted frequently, it will become easier for issuers to conduct them. However, they must be aware of an oversaturation of the investment market, which may look for other investment opportunities.