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Follow on Google News | A Look at Europe's Security Token LegislationBy: FIAT Exchange On January 3, 2018, the MiFID II regulations were initiated by EU as a legislative framework that gives more protection for investors. Moreover, MiFID II regulations enhance the functionality and efficiency of the market. In this regard, the current legislation was a follow up to the original MiFID (Markets in Financial Directive) regulations which have been in operation since November 2007. In Germany, The Boerse Stuttgart Group partnered with the local Fintech firm SolarisBank to make the second-largest stock exchange project a reality, its release date is Q3 2019 which was already announced back in December 2018. An assortment of cryptocurrencies like utility, security, and exchange tokens will be presented. The first EU member to legalize cryptocurrency was Estonia which has already authorized over 900 crypto licenses thus far, considering that these licenses include a variety of crypto businesses such as blockchain tech firms, exchanges, and start-ups correspondingly, 400 of the licenses issued belonged to crypto wallet providers. Surprisingly, a friendly business environment, tax incentives and easy licensing procedures all contributed to the country's rise in the blockchain sector despite being the poorest country in the EU. Now, Estonia is one of the most STO friendly nations in the world. In spite of being 62 square miles in total, Liechtenstein guarantees its Gross Domestic Product (GDP) to be progressive. Moreover, it established the "National Blockchain Act," this document emphasizes their desire in moving towards the blockchain sector. Additionally, its Union Bank intends to make a token suited for interbank activities such as transferring large amounts of funds. Malta has been persistent in being the driving crypto force in the locale. It was considered to be the first-ever country in the world in providing a solid regulatory framework for crypto investors. The government is pro-active in recruiting new start-ups to their market. Furthermore, Malta is the best place for multiple big crypto platforms especially in launching your Security Token Offerings (STO). In fact, the world's largest crypto exchange, Binance, partnered with Maltese Stock Exchange (MSX) in September of 2018. Both organizations intend to construct a new security token exchange within the country in the near future. For more information, please visit us at https://www.fiatxs.com/ End
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