Blockchain technology, digital currencies and the developing ICO industry (Initial Coin Offerings) are on the top of the international business agenda. In 2017, funds raised through ICOs reached $4bn and the growth trend is expected to continue, with total funds surpassing $5bn in the first three months of 2018. Clearly, this is a new and rapidly growing industry, with a number of significant particularities, but with considerable scope and need for prompt, critical professional advisory services.
Experience suggests that a ‘holistic model of services’ is still missing for those interested in designing and implementing a global, professional and legally-sound Initial Coin Offering. This is particularly evident in cases where the launch of new ICO tokens is interlinked with the establishment of innovative digital ecosystems and payment solutions. In such cases, legal, tax, accounting, audit, e-banking, technology and marketing are some of the core issues that inevitably require diligent attention and detailed planning and monitoring by experts.