ICO is fraught with a number of difficulties, primarily due to the lack of uniform requirements. The different jurisdictions have different requirements for the companies conducting the initial offering of digital assets. Moreover, this can be done not in all countries, but only in those that have legalized the digital assets. Therefore, each country has its own instructions for conducting offerings, and you need to know about all of its specifics.
The organizations preparing to raise funds by using ICOs need to open a bank account. However, not every bank is ready to provide such a service. When conducting such events the risks are very high, which is why the financial institutions often refuse to provide such services to the clients. In this case, you will need the assistance of a qualified lawyer who will help you to choose a bank and take over the interaction with a financial institution.
In addition, there is no uniform court practice regarding the organization and conduct of ICOs. Therefore, the companies using this method to obtain additional funding or marketing promotion in the market often face difficulties. The courts can interpret the same situations differently, so if you have problems and need to go to court, you cannot do without a competent lawyer.
