The Financial Conduct Authority (FCA), a financial regulatory watchdog in the United Kingdom, has today released a warning about the risks of Initial Coin Offerings (‘ICOs’), stating that ICO investors must be aware of the possibility to lose an ‘entire stake'.
2016 was a year of huge ICOs, and 2017 looks set to beat it hands down. The ICO boom worldwide leads more financial regulatory authorities to release notes on token sales. Most of them, warn about the high volatility of cryptocurrencies, the lack of regulation in the field and that there is mostly no protection for investors. Similar warnings have already been published by authorities in the US, Canada and Singapore, while last week China even banned all ICOs in the country starting September 4.
Read the full article:
https://coinidol.com/fca-releases-warning-of-ico-risks/
