IOSCO Calls for Care for ICO
International Organization of Securities Commissions (IOSCO) calls for increased vigilance and restraint regarding the ICO.
Given that the industry of digital currency has received funding in the amount of several billion dollars only in 2017, fraud has become more developed, regulatory authorities around the world do not have time to figure it out. In a statement, IOSCO members of the council agreed to take measures to "eliminate the risks associated with the initial proposals of coins" .
In addition, the Council added that: «ICO - this is a very speculative investments, in which investors run the risk of investing all your capital invested. While some providers offer legitimate investment opportunities for funding projects or companies, the increase in ICO, which are often outside the jurisdiction of the domestic investors, it raises the problem of investor protection. "
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International Organization of Securities Commissions (IOSCO) calls for increased vigilance and restraint regarding the ICO.
Given that the industry of digital currency has received funding in the amount of several billion dollars only in 2017, fraud has become more developed, regulatory authorities around the world do not have time to figure it out. In a statement, IOSCO members of the council agreed to take measures to "eliminate the risks associated with the initial proposals of coins" .
In addition, the Council added that: «ICO - this is a very speculative investments, in which investors run the risk of investing all your capital invested. While some providers offer legitimate investment opportunities for funding projects or companies, the increase in ICO, which are often outside the jurisdiction of the domestic investors, it raises the problem of investor protection. "
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Thee is nothing new in what they are saying that we don't already know. Every noe and then there is always one thread on the forum either asking about an ICO scam or some member warning about ICO, and even to the point of some scam accusations thread opened against ICOs.
But my own concern against that, is what is their own problem? Its not their money, neither is it their economy anyone who wishes to invest understood the basic rule that he is doing do solely at his own risk without anyone to be held responsible and when the returns come, he enjoys it to the maximum extent of risk he took. Its as simple as that.
