Initial Coin Offerings (ICOs): Risks, Regulation, and Accountability

@article{Chohan2019InitialCO,
  title={Initial Coin Offerings (ICOs): Risks, Regulation, and Accountability},
  author={Usman W. Chohan},
  journal={Regulation of Financial Institutions eJournal},
  year={2019}
}
  • Usman W. Chohan
  • Published 30 November 2017
  • Economics
  • Regulation of Financial Institutions eJournal
The emergence of the cryptocurrency as an investment vehicle has brought the phenomenon of Initial Coin Offerings (ICOs) into the spotlight, since they provide rapid access to capital for new ventures, but suffer from drawbacks relating to regulation and accountability. In that regard, this chapter provides a review of the recent literature on ICOs before proceeding with a discussion of the regulatory and other risks that ICOs pose for market participants, thereby encouraging a broader… 
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  • 2019
TLDR
A comparative analysis of the application of US and EU securities laws to initial coin offerings (ICOs), or token sales, provides insight into the two main approaches adhered to by EU Member States in the implementation of MIFiD II, as well as their consequences for the legal classification of tokens.
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Initial Coin Offerings in Europe – The Current Legal Framework and its Consequences for Investors and Issuers
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Initial Coin Offerings (ICOs) are the most efficient means of financing entrepreneurial initiatives in the history of capital formation. ICOs minimize transaction cost and democratize finance while
Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales
Initial coin offerings (ICOs) have emerged as a new mechanism for entrepreneurial finance, with parallels to initial public offerings, venture capital, and presale crowdfunding. In a sample of more
Why do businesses go crypto? An empirical analysis of initial coin offerings
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