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Initial coin offerings are a new version of the old Wild West

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Developcoins Team
Initial coin offerings are a new version of the old Wild West

EOS managed to raise this capital despite not having a working product at the time of its ICO.

In an ICO, investors receive virtual tokens that generally do not give the holder any rights in the company that issued them.

ICOs differ from their IPO counterparts in that investors are not confined to specific markets but are instead able to extend the offering to a global investor audience.

Unlike IPOs, which are strictly regulated in most jurisdictions, ICOs generally remain unregulated.

In response to these challenges, some jurisdictions such as China, Nepal, and Bangladesh have simply imposed an outright ban on any domestic companies offering ICOs and on all citizens participating in ICOs.

It was concluded in the consultation paper that an appropriate regulatory framework should be developed through the registration of crypto asset service providers, a review of existing legislation and an assessment of regulatory actions implemented.

Explore more from  here - https://www.developcoins.com/initial-coin-offerings-are-a-new-version-of-the-old-wild-west

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