SUBSCRIBERS
Initial coin offerings continue unabated
Securities and Exchange Commission's warning fails to hold back startups which raise money by selling their virtual currencies.
Add BT as a preferred sourcePublished Tue, Aug 8, 2017 · 09:50 PM
San Francisco
THE cautionary words of US regulators have done little to chill a red-hot market for new virtual currencies sold by startups.
The Securities and Exchange Commission issued its first warning late last month for the many entrepreneurs who have been raising money by creating and selling their own virtual currencies in what are called initial coin offerings (ICOs). At that point, hundreds of projects had raised more than US$1 billion.
Share with us your feedback on BT's products and services
