Re: ICOs: The Cancer of the Digital Currency Industry
by
Homeless_Victim
on 05/12/2018, 15:07:08 UTC
"...ICOs had their beginnings back in 2013, but their popularity as a new crowdfunding type scheme to raise capital did not take off until 2017, when over $7 billion was raised. Venture capital firms were wondering what had hit them.
The primary issue with these fundraisings is that they are unregulated, and their tokens have been likened to securities by the regulatory establishment, their way of combating the rampant fraud within this space. The SEC and others have come down hard with hefty fines, court filings, and incarcerations. The uncertainty of the situation has slowed momentum, too..."