Luxembourg’s cryptocurrency dilemma

Luxembourg is having a hard time coming to grips with the expanding world of cryptocurrencies, as well as with the lesser-known capital- raising concept of Initial Coin Offerings (ICOs).

Although there is a strong business case for the use of cryptocurrencies and the launch of ICOs to support innovative projects that would not otherwise see the light of day, Luxembourg authorities have yet to release a set of rules or framework for the regulation of crypto-assets or ICOs.