Digital assets—why offshore?126

The rapid growth of cryptocurrencies and other digital assets in recent years, combined with seemingly unlimited potential applications for blockchain and distributed ledger technologies across a range of industries, has led to an unprecedented period of innovation and the emergence of some of the most disruptive technologies in decades.

One of the most disruptive aspects of the recent wave of innovations has been the introduction of entirely new financial models for raising capital to fund projects.  Initial coin or token offerings (ICOs)—and more recently security token offerings (STOs)—have caused disruption to the established method for raising capital.  Many reasons for the increased use of ICOS and STOs still remain, but the one causing the most concern for Governments around the world is the lack of regulatory and legal oversight.

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