BAD NEWS: Banks in the European Union should refrain from offering customer accounts in virtual currencies like Bitcoins until regulatory safeguards are in place, the bloc's banking watchdog said on Friday. — Reuters
INITIAL coin offerings (ICOs) are irritating capital market regulators around the world.
Start-ups are launching new ICOs almost every day, seeking to raise millions to fund their projects via the use of a new cryptocurrency. Investors are sometimes promised big returns, but mostly, they are encouraged to read what the project is all about and participate if they think it’s going to be a great innovation. No doubt, there are some dubious offerings out there.
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