ICO融资模式下非法集资问题研究  

The Study on illegal fund-raising in Financing Pattern of ICO

作　　者：吴一波[1] 王冠 Wu Yibo;Wang Guan

机构地区：[1]华东政法大学法律学院,上海200063 [2]上海市静安区人民检察院,上海200040

出　　处：《行政与法》2018年第6期109-116,共8页Administration and Law

摘　　要：近年来,ICO融资模式作为区块链技术筹资的创新途径在全球备受投资者青睐,但因其涉嫌非法集资,中国人民银行等七部门于2017年9月4日发布公告直接叫停了各类ICO项目。本文结合公告中涉及到的三种非法集资犯罪类型对ICO融资模式中的非法集资问题进行分析后认为,应从对ICO项目实施强制信息披露制度、将ICO纳入《证券法》规制范围、借鉴国外监管沙盒制度、实施ICO合格投资者制度、数据对接监管部门等方面着手,加强对ICO融资模式的监管。As an innovative way of fund-raising within block-chain technology,ICO financing model has been favored by investors in recent years all over the world.However,with the scale of ICO financing continues to expand,the legal risks come along together,such as illegal fund-raising.In September this year,the People＇s Bank of China and other seven departments forbade all kinds of ICO fund-raising programs.Based on the relevant laws and regulations in China and the types of illegal fund-raising crimes related to the People＇s Bank of China＇s announcement,this article analyzes the related illegal fund-raising in ICO and puts forward the prospect of improving the relevant regulatory measures in China with reference to the foreign Regulations.

关 键 词：ICO 融资模式 非法集资 

分 类 号：D924.3[政治法律—刑法学]