[2017-11-02] IE: Wall Street regulator warns celebrities, individuals touting di

[polynesia]

Wall Street regulator warns celebrities, individuals touting digital coins

http://indianexpress.com/article/business/business-others/wall-street-regulator-warns-celebrities-individuals-touting-digital-coins-4918805/

Wall Street’s main regulator warned on Wednesday that celebrities or other individuals may be breaking U.S. securities law when promoting investments in initial coin offerings (ICOs), a means for companies to raise funds online.

ICOs have become an increasingly popular fundraising mechanism for young technology companies, enabling them to quickly raise millions of dollars by creating and selling digital coins online such as bitcoin with little regulatory oversight.