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Review Security And Exchange Commission Wants You To Know These 5 Things About Icos

Discussion in 'Crypto Learning Center (Library)' started by philipj, Mar 13, 2018.

  1. philipj

    philipj GrandMaster Crypto Guardian

    Initial Coin Offerings (ICOs) are everywhere in the unregulated cryptocurrency space and have already proven themselves to be an incredibly effective means of crowdfunding projects with digital currency. Sometimes, however, ICOs are little more than fraudulent scams aiming to liberate investors from their hard-earned Ethereum (ETH). Because of this, the U.S. Securities and Exchange Commission has provided a list of ‘Things You Need to Know About ICOs.”

    1. ICOS MAY BE SECURITIES. First and foremost, the SEC wants investors to know that Initial Coin Offerings are — in many cases — securities. As such, these specific ICOs must operate under the rule of federal securities laws or risk invoking the SEC’s wrath. Notes the regulatory body:

    2. SOME ICOS NEED TO REGISTER. Those ICOs which do qualify as securities must, therefore, legally register with the SEC — whether they want to or not. Explains the SEC:

    3. IF IT LOOKS LIKE A TOKEN AND SMELLS LIKE A TOKEN. Of course, many ICOs would rather not have to register with the SEC and, thus, change the naming or structure of their tokens to appear as something else. In most cases, however, they still qualify as a security. Says the SEC:

    4. YOUR CAPITAL IS AT RISK. Cryptocurrency is still often called a ‘Wild West,’ in which losses are rarely covered and fraudulent activity runs rampant. As such, it is important to always do your own research, exercise a correct amount of skepticism, and carefully manage your investments. As noted by the SEC:

    5. REACH OUT TO ICOS. Finally, if you’re seriously considering investing in an ICO, the SEC recommends you reach out to the individuals running the project with questions. If they don’t give you clear answers, they probably aren’t capable of launching a successful product. Notes the SEC:
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