The Finance Ministers of France and Germany are calling for the world's top economic powers to debate Bitcoin and cryptocurrency regulation at the G20 summit in Argentina next year. The Netherlands does not form part of the G20 - the 20 largest economies in the world - but was invited to participate in the summit by host country Argentina.
Dutch FinTech company ICO HeadStart raised 10.2 million dollars in the first phase of an Initial Coin Offering (ICO) over the weekend. The goal of this so-called pre-ICO, which is running until December 12th, was 10 million dollars. The actual ICO, which is still to come, is expected to raise even more, Business Insider Nederland reports.
The believed to be Dutch man behind an Ethereum-based startup called Confido, who disappeared last week with over 300 thousand euros in cryptocurrencies raised in an ICO, wants to refund his investors, according to a letter Amsterdam law firm Jonkers en Van Gemert posted on the startup's website.
Initial Coin Offerings are a very risky, but potentially very rewarding form of capital raising provided that it is allowed to develop properly, according to Edan Yago, CEO and founder of Epiphyte. And for this to happen, the Dutch government and authorities should let ICOs develop unhindered, without stymieing innovation by applying new regulations onto this young field. "They should stand to the side and allow ICOs to develop", Yago said to NL Times.