Breaking: FCA Warns of ICOs, Focusing on Firms Engaging in Regulated Activities

[kreslik.news]

The UK’s Financial Conduct Authority (FCA) has just warned investors against the speculative risks inherent with initial coin offerings (ICOs). The announcement comes less than a week after the regulator promised to maintain close scrutiny on ICOs, amidst industry growth in token-based fundraising activities.

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The FCA said: “Businesses involved in an ICO should carefully consider if their activities could mean they are arranging, dealing or advising on regulated financial investments.

Each promoter needs to consider whether their activities amount to regulated ... (read more)