thumbnail image
  • ICOCHARTER.EU
  • Self Regulation for European ICOs'
  • The Charter
  • Signatories
  • Contact us
  • ICOCHARTER.EU
  • Self Regulation for European ICOs'
  • The Charter
  • Signatories
  • Contact us
    • ICOCHARTER.EU

      Proposition for Self Regulation rules for the ICO ecosystem

    • Self Regulation Charter for European ICOs’

      We strongly believe that we need a European ICO/ITO manifesto, to create best practices in this exciting new innovation enabling projects to federate resources in a regulatory-free environment, ie in the existing legal frameworks, so entrepreneurs won't be intimated or stifled in developing innovation in Europe.

       

      Ecosystem actors assisting projects and companies in the issuance of new tokens should take the lead in writing and educating ICO/ITO market, with a ‘Best Practices Charter.’ As of today, the ICO Charter is representing 19 countries around the globe.

       

      This manifesto or Charter seeks to establish and build consensus the best practices for the launch of ICO/ITO’s : Questions addressed are do we need a KYC ? What kind of KYC? What type of token? Token structuration and uses? Defining the purpose of the ICO? What kind of due diligence must be made before the ICO/ITO? What minimum structure of whitepaper and prospectus? What information is provided in these ICO supporting documents?

    • CHARTER

      1-INFORMATION PROVIDED BY THE ICO/ITO PROJECT

      • Detailed and exhaustive presentation of the ICO/ITO Project
      • Complete White Paper
      • Detailed information on the team, market, product and legal entity(ies) sponsoring the ICO/ITO project
      • Bylaws, articles of incorporation and shareholding structure
      • Provide information used to determine target Cryptocurrency raised
      • Roadmap for ICO/ITO Project
      • Bios and resumes of the key players/staff of the project doing an ICO/ITO.
      • Independent check of key players/Staff good standing (‘Fit and Proper’)
      • Independent check on the advisors’ suitability and independence.

      2-INDEPENDENT LEGAL REVIEW OF THE ICO/ITO TOKEN AND ITS ISSUER

      3-WHITE PAPER FEATURES

      • Underlying legal entity issuing tokens and its recent financials.
      • Brief description of ICO/ITO project.
      • Project ICO/ITO business Plan.
      • Amount of cryptocurrency sought.
      • Use of proceeds
      • Technical presentation of project
      • Token structure, mechanics, issuance (primary) and post ICO/ITO (secondary) features for the specific project ICO/ITO
      • Risk disclosures
      • Warning and disclaimers
      • Legal rules and competent court in the EEA (European Economic Area)

      4-ICO/ITO SMART CONTRACT CODE AND TECH SPECS
      PROJET MANIFESTO V1

      • Smart Contract (s) or Access to code or any technical data detailing the Token delivery process, and subsequent impacts

      5-KYC, ANTIMONEY LAUNDERING AND ANTI TERRORIST PROCESS

      • Passport, ID Card or any form of State issued ID document for physical person.

      • Articles of incorporation of a legal entity with authorized signatory officers

      • Tax-Residency of investor

      6-TOKENS AND CRYPTOCURRENCY RAISING PROCESS

      • Disclosure of different types of ‘Wallets’, real time traceability of collected cryptocurrency (and/or Fiat currencies) for the ICO/ITO

      • Disclosure of fees in tokens paid to advisors

      • Pre-sales Mechanics/Rules and disclosure of rules to offer discounts

      • Traceability of all crypto transactions

      • Disclosure of all fees used for and during the process of the Pre-ICO/ITO and actual ICO/ITO

      7-USE OF ICO/ITO PROCEEDS

      • Process of cryptocurrency proceeds ‘restitution in case the ICO/ITO target amount is not reached

      • Creation of an ICO/ITO Escrow wallet for cryptocurrencies

      • Rules and conditions for release of proceeds to the ICO/ITO project

      8-ICO/ITO SAFETY AND SECURITY

      • Ongoing presence of an IT supervisor during the ICO/ITO to monitor the ICO/ITO web site, hacking and the correct Bugs

      • ISO 27001 certification recommended

      9-ACCEPTANCE OF A THIRD PARTY AUDIT TO MEASURE THE RISK OF THE PROJECT

      10-POST ICO

      • Disclose ICO/ITO process and history with outcome and results
      • Disclose market places where newly issued ICO/ITO token is traded
      • Sequence and means by which regular updates on the project are provided to the community

      11-Commitment on the laws of listed States

      ICOs complying with this Charter shall not:

      • Be carried out by an issuer incorporated under the laws of a State listed as “non compliant” in the latest version of the «Overall Rating Following Peer Reviews against the standard of EOIR » list published by the Global Forum on Transparency and Exchange of Information for Tax Purposes of the OECD, accessible at the following address: http://www.oecd.org/tax/transparency/exchange-of-information-on-request/ratings/ (a « Non Compliant State »); or 
      • Be governed by the laws of a Non Compliant State. 

      If an ICO is carried out by an issuer incorporated under the laws of a State listed as “provisionnaly partially cooperative” or “partially cooperative” in the above-mentioned OECD list (a “Partially Cooperative State”), or governed by the laws of a Partially Cooperative State, the issuer shall expressly undertake, in the white paper, to answer in full transparency and cooperation to the tax information request submitted by foreign tax administrative, judicial or regulatory authorities

    • Signatories of the ICO Charter

      Chaineum

      Contacts : Laurent Leloup

      France

      Baker McKenzie

      Contact : Max Gutbrod

      Russia

      C.N.C.C.E.F.

      Contact : Gilbert Réveillon

      France

      Deloitte

      Contacts : Julien Maldonato, Anthony Maarek

      France

      Exaegis

      Contact : Laurent Briziou

      France

      Avolta Partners

      Contacts : Philippe Rodriguez, Philippe Dardier

      France

      Kramer Levin

      Contact : Hubert de Vauplane

      France

      Scalene Partners

      Contacts : Simon Eischen, Mike Assouline, Samuel Assaraf

      France

      Erne Ventures

      Contact : Arek Kuich

      Poland

      European Crowdfunding Network

      Contact : Oliver Gajda

      Belgium

      Deutscher Crowdsourcing Verband

      Contact : Dr. Michael Gebert

      Germany

      Franklin

      Contact : Marianne Tordeux

      France

      Innovation Factory

      Contact : Luigi Piccirillo

      Italy

      Chain Guru

      Contact : Sébastien Bourguignon

      France

      Innovation Service Network

      Contact : Reinhard Willfort

      Austria

       

      InTech S.A.

      Contact : Fabrice Croiseaux

      Luxembourg

      Integration Alpha

      Contact : Tom Debus

      Switzerland

      Invest-Securities

      Contact : Jean Emmanuel Vernay

      France

      Marketkaps

      Contact : François Le Page

      France

      KYC3

      Contact : Jed Grant

      Luxembourg

      FlipNpik

      Contact : Henri Harland

      Canada

      Eliacin

      Contact : Audrey baverel

      Luxembourg

      Marketkaps

      Contact : Francois Le Guillou

      France

      Meaning SL

      Contact : Xavier Tous

      Spain

      Naïm Steinmetz & Associés

      Contact : Diane Behar

      France

      Pack'n Drive

      Contact : Badri Ahmed

      France

      Yanalyst

      Contact : Anis Mnejja

      France

      Simont Braun

      Contact : Catherine Houssa

      Belgium

      SVS Capital Partners

      Contacts : Ruben Bach, Sven-Roger von Schilling

      Germany

      Voxcracy

      Contact : Olivier Rocca

      France

      Blockchains-Expert

      Contact : Stanislas de Quenetain

      France

      Spea

      Contact : Diallo Djigui

      Mali

      Twex LTD

      Contact : Amal Sharma

      United Kingdom

      Techfoliance

      Contact : Hubert de Vauplane

      France

      Shibolet & Co.

      Contact : Saul Adereth

      Israel

      Multiven

      Contact : Peter Alfred-Adekeye

      Netherlands

      DMT Advisory Services BCN, S.L.

      Contact : Xavier Gasia

      Spain

      Upscalers

      Contact : Yoann Benhacoun

      France

      ICOguru

      Contact : Irvin Welsh

      United States of America

      Ever Send

      Contact : Stone Atwine

      France

      Silk Legal

      Contact : Dr. Jason Corbett

      Thailand

      Financière d'Uzès

      Contact : Alfonso Lopez De Castro

      France

      Bruzzo Dubucq

      Contact : Cedric Dubucq

      France

      ICO Yard

      Contact : Alexander Linenko

      Estonia

      TWND

      Contact : Greg Thain

      United Kingdom

      Grant Thornton

      Contact : Dr Wayne Pisani

      Malta

      Excello Law

      Contact : John Tengström

      Sweden

      Trenceto Blockchain Capital

      Contact : Alice Lhabouz

      France

      Namek

      Contact : Mehdi Tagaizine

      France

      Svper

      Contact : Jean-Baptiste Fort

      Mauritius

      TrustUnion

      Contact : Mathias Valon

      Canada

      Orbi Network

      Contact : José Senent

      Switzerland

      Ultra

      Contact : Nicolas Gilot

      Estonia

      Nektorov, Saveliev & Partners

      Contact : Alexander Nektorov

      Russia

      Influbook

      Contact : Nathan Frey

      France

      France Blocktech

      Contact : Laurent Leloup

      France

      MyTVChain

      Contact : Cornéliu Fridgant

      France

    • CONTACT US

      Submit