All the reasons you shouldn’t buy ICOs, according to the world’s financial watchdogs

Companies have raised more than $3 billion this year through initial coin offerings (ICOs), a bonanza that hasn’t escaped the attention of financial watchdogs. Regulators haven’t quite figured out how to deal with the newfangled fundraising method, which blends elements of crowdfunding via cryptoassets and traditional initial public offerings. At a minimum, financial watchdogs around the world have issued warnings to investors about largely unregulated ICOs, highlighting a wide variety...

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