On 14 March 2018, the Luxembourg Financial Sector Supervisory Commission (“CSSF”) has issued two warnings, on Initial Coin Offerings (“ICOs”) and on Virtual Currencies.
The CSSF warnings are in line with the statements and warnings issued in the last months by the European Supervisory Authorities and by financial supervisory authorities in other EU Member States and the US, showing that ICOs and Virtual Currencies are high in the agenda of financial regulators.
Our GSK Update outlines the CSSF warnings. The GSK Update is available as download.
The CSSF warnings were issued in French. An English translation is available for information purposes via download as well.
Please feel free to contact us in case of any questions or should our assistance be required.