The Government of Gibraltar and the Gibraltar Financial Services Commission (GFSC) announced that they will develop a draft that will regulate the initial offerings of money (ICO) The bill, aimed at regulating the promotion, sale and distribution of digital tokens in the territory of Gibraltar, will be the first set of regulations developed specifically in the territory British overseas, February 9.

One of the main aspects of the IOIC Gibraltar Regulation will be the introduction of the concept of " authorized sponsors ," which are supposed to be " responsible for ensuring compliance with disclosure rules and financial crime "said Sian Jones, one of the GFSC's leading advisers.

The bill will also establish disclosure rules that will require that ICO projects provide " adequate, accurate and balanced information to whoever purchases tokens ", said the government and the Financial Services Commission to Reuters

. guaranteed in the ICO's worldwide fundraisers in 2017, compared to $ 100 million in 2016. This rapid expansion of the OIC market is what would have caused the intervention of regulators of Gibraltar

In September 2017, Cointelegraph of the OICs, the GFSC issued an official statement, warning investors of the nature " highly risky and speculative " fundraising campaigns of the # 39; ICO.