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Germany’s financial regulator has clarified its position on initial coin offerings. Bafin admitted it was receiving many inquiries about the status of tokens and cryptocurrencies distributed to investors through ICOs. The federal agency advised interested parties to refer to regulations applicable to traditional financial instruments and comply with current requirements. A new survey found out that more than two thirds of Germans know about bitcoin.   

German researchers do their homework. They tell regulators about sandbox. Everything gets re evaluated as each sandbox layer emerges and spectre is hitting them all right now.