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My understanding is that, since ICOs are conducted on the Internet, it is the geological location where the project team is located that is important in terms of regulation. For example, I understand that Ethereum was launched "in Switzerland" since its team ( Ethereum Foundation ) is apparently "located" in … Best Countries for ICOs - Offshore Banking The government of the People’s Republic of China paved the way for a crackdown on ICOs; which was followed by enforcement actions in a number of other nations. In September of 2017, the Chinese government announced that it was officially banning ICOs. ICOs were labeled as being disruptive to economic and financial stability.
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