At the international level, the framework is being composed thanks to the indisputable initiative of Switzerland in particular that on the issues of the new regulation for cryptocurrency / tokenization in financial markets is leading the way and laying the foundations for the construction of many experimental projects and to build those experiences that then allow to "write the actual rules".
The Swiss Blockchain Federation (SBF) has published a manual titled “Tokenized Equity, Guidelines for Issuers of Equity and Related Tokens” that clearly indicates the willingness to give clear indications.
The lack of clear investor rights in Bitcoin (BTC) and other blockchain-based cryptocurrencies and the absence of aboveboard regulations to protect rights are concerning public authorities, and upon request, the Capital Markets Board of Turkey has taken action to review and regulate digital currencies and intermediaries.
Innovative startups are growing in number – there are now more than 10,000, and they employ over 54,000 people. Minister Luigi Di Maio is optimistic that in 2019 more momentum will be added in startup venture capital markets in order to compete successfully with other main competitors in Europe, as StartupItalia reports.