🇪🇺 EU lawmaker proposes creating standard regulations for ICOs

Ashley Fox, a Member of the European Parliament (MEP), held a meeting on Tuesday to discuss proposed regulations that would set rules for the people and businesses conducting token sales. Fox said that the rules would be voluntary and would limit the proceeds from sales to eight million euros and mandate know-your-customer and anti-money-laundering rules. Once in place startups would be able to use the same framework across the EU. A draft proposal was published earlier this month and lawmakers now have a week to suggest any amendments before the group meets again to discuss the changes.