Hong Kong’s Securities and Futures Commission warn of nonfungible token risks
The regulatory agency’s main concern was the rise of unregulated collective investment schemes in NFTs. Go to Source Powered by WPeMatico
securitization
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The State Encourages ICO Fraud. The Free Market Minimizes It
Many Initial Coin Offerings (ICOs) have been and are frauds. The state enables this con game in various ways, including the establishment of accredited investors and the regulation of businesses that sell equity. Shut off from the most lucrative aspects of investment, average people rush into the few sources of profit still available to them. … Read more
What’s In a Name? The Identity Crisis for Initial Coin Offerings
Aaron Kaplan, securities attorney and COO of Prometheum, is guest author for this Opinion/Editorial. Initial Coin Offerings (ICOs) have become the investment du jour while the understanding of what ICOs are has become desperately convoluted. Every huckster, scammer and opportunist has tried to hop on the bandwagon. (I’m talking to you, Casey Ryback) Many of … Read more
