Many organizations monitor ICO fundraising closely

Many organizations monitor ICO fundraising closely

Many organizations monitor ICO fundraising closely

Many organizations have an eye on ICO fundraising offers.

For example, last month, the North America Securities Administrators Association (NASAA), a securities trading association in Canada, the US and Mexico, released its 2017 report.

This report describes the challenges faced by securities regulators and, among others, the use of blockchains.

Also in this report it is found that the trade of virtual currencies presents a significant risk for the investors, and is emphasized the increasing interest for the raising of funds of type ICO, which unfortunately also used in the past to fraudsters .

The report notes that:

“Digital currencies are intended to store valuables in a blockchain and are currently popular as a means of raising capital for startups at a very early stage (usually referred to as an” initial coin placement “or ICO). NASAA members are closely monitoring this emerging market. “

This declaration is among many others from various securities regulators, including the US Securities and Exchange Commission (SEC), which has ruled that in some cases the virtual currencies distributed under the ICO, may be considered safe by federal law.

Others have a less permissive approach, such as in China or South Korea, where market observers have said that ICOs are an illegal means of financing, triggering a wave of platform closures and even in some cases , repayment to investors.

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