Post
Topic
Board Altcoin Discussion
Re: The END of ICO's?
by
logosobscura
on 19/10/2017, 01:30:13 UTC

The only change has taken direct action specifically against ICOs. All the others- US, UK, Canada, Australia, South Korea, and I'm sure Japan will- have restated the same guidance: if your ICO looks like a security, functions like a security, and has worse risk than security, then it is a regulated instrument and you have to go through all of the legal requirements that an IPO does. That's not the end of ICOs- it's the end of the ICO Pyramid Schemes in the same way that regulation ended the Penny Stock Pyramids that existed in the 19th Century.

We should all welcome that- it means ICOs have to well designed, deliver exactly what they promise to their investors, and are held to higher standards. There is a really simple way of avoiding it: ICO tokens with an actual legitimate utility, not speculative instruments.