Archive of month: November 2017

ESMA statements on high risks of Initial Coin Offerings (ICOs)

The European Securities and Markets Authority (ESMA) has issued two Statements on Initial Coin Offerings (ICOs), largely driven by ESMA’s expressed concern that firms involved in ICOs may conduct their activities without complying with applicable EU laws. ICOs are capital-raising offerings of tokens to the public, in exchange for fiat currencies or virtual currencies. ICOs are […]
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