The ICO paper provides a background for digital assets, explains the role of distributed ledger technology and blockchain, defines what is an ICO, explains its risks and elaborates on the need for regulation. A proposed regulatory framework is also provided along with 11 consultation questions for public comment, to be submitted by March 29.
The property crowdfunding paper provides a background of equity crowdfunding (ECF) and peer-to-peer activities, frameworks and its purpose. A need for regulation is explained and proposed requirements are provided in relation to a platform operator, first time home buyers and those engaging in secondary trading. Six consultation questions for public comment are also included.