Analysis: ESMA’s Unintended Consequences

[kreslik.news]

Investing in an ICO (initial-coin offering) – all the rage just a few months ago – required those running the ICO to follow strict KYC (Know Your Client) laws.  Before you could buy the latest coin on offer, you needed to hand over sensitive details, including passport copies and proof of address to the firm offering the coin.

Security is of the utmost importance, after all.

Fast forward a couple of months and the crypto-market is in trouble. Bitcoin’s future is uncertain. Many coins, now post-ICO, are trading at near zero value and as the euphoria collapses into despair, some ICO firms ... (read more)