The Initial Coin Offering (ICO) Process: Regulation and Risks
نویسندگان
چکیده
ICOs are very attractive for investors and issuers. allow funding raising in exchange cryptographically secure tokens, which a means of paying future projects or services. However, there is insignificant regulation this process all over the world. Some countries have banned crypto assets; others allowed free use tokens but do not give them official status. In paper, authors present an overview legal different countries, dividing into three groups: first group with developed norms rules conducting ICO, they subsequent circulation on their territory; second that most friendly to ICOs; third has wait-and-see attitude. The author connect insufficient law risks countries. types ICO divided main categories: financial, technical, analytical. ways reduce these risks, depending types, highlighted study. They connected improvement publication White Paper, KYC procedure, involvement escrow agents.
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ژورنال
عنوان ژورنال: Journal of risk and financial management
سال: 2021
ISSN: ['1911-8074', '1911-8066']
DOI: https://doi.org/10.3390/jrfm14120599