FinTech Association launches guide on ICOs

It aims to help entrepreneurs who are looking at token sales to raise funds.

As digital token sales or initial coin offerings (ICOs) raised over US$3b last year, the FinTech Association of Hong Kong (FTAHK) launched a paper last November 6 providing general and practical guidance on the best practices for entrepreneurs who are considering of running a token sales to raise funds, according to a press release.

The paper outlines whether a token sale is well suited for a particular venture as well as the legal, regulatory, tax, accounting issues that arise from running an ICO.

It is based on individual contributions from lawyers, crypto advisors, accountants, tax specialists and entrepreneurs who have personally completed their own token sales.

The paper can be freely downloaded from the FTAHK website.