According to report of November 30, 2017 published by Atomico, who are a leading venture capital firm in Europe, related to their research on the statistics of global currency offers (ICO) in the old continent, entities based in Europe raised near of $ 1.76 billion through this fundraising modality.
Taking into account that initial offers of currencies are not legal or lack regulation in most countries, they are certainly more commonly used as a form of crowdfunding to generate capital for new businesses.
ICOs are still a relatively new trend, raising funds by selling a newly issued cryptocurrency or token in exchange for bitcoin, ether or fiat money. To date, the Securities and Exchange Commission (SEC) has not presented new regulations. However, there is still a long way to go before regulators understand that the technological trend is what imposes the needs, and not vice versa.
Read more at: http://www.crypto-economy.net/the-great-receptivity-of-icos-in-europe/?lang=en