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ICOs may trigger rules for securities, derivatives, funds, other investments, BaFin says

( March 28, 2018, 16:07 GMT | Official Statement) -- MLex Summary: Digital tokens related to derivative contacts are classified as financial instruments in Germany and may require authorization, although all assessments must be made case by case, the Federal Financial Supervisory Authority, or BaFin, said in an English version of its guidance on initial coin offerings and related assets. The document also sets out characteristics of securities, funds and capital investments in its advisory letter to companies planning ICOs.The text of the statement follows. The full document is attached below....

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