Initial Coin Offerings (ICOs): Risks, Regulation, and Accountability
Discussion Paper Series: Notes on the 21st Century
7 Pages Posted: 5 Dec 2017
Date Written: November 30, 2017
Initial Coin Offerings (ICOs) provide rapid access to capital for new ventures, but suffer from drawbacks relating to non-regulation, considerable risk, and non-accountability, which has created controversy and raised questions about the mechanisms for regulation in an era of emergent cryptocurrencies. This discussion paper provides a timely review of the regulatory and other risks that ICOs pose for participants, which thereby situates ICOs in the underexplored domain of accountability.
Keywords: Initial Coin Offering, ICO, Cryptocurrency, Regulation, Blockchain, Bitcoin
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