After upheaval Crypto Price Weekend, European Union concern Two ICO Warnings – Bitcoints

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Published on November 14th, 2017 | by bitcoin

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After upheaval Crypto Price Weekend, European Union concern Two ICO Warnings

After upheaval Crypto Price Weekend, European Union concern Two ICO Warnings

Regulation

European Securities and Markets Authority (ESMA) issued two same-day warnings concerning initial coin offerings (ICO) on 13 November after the preceding weekend was witness to dramatic swings in prices and volatility.
One release is geared toward investors and the other is aimed at participating firms.
The regulatory arm is one of the three European Supervisory Authorities within the European System of Financial Supervisors bureaucracy.
“Virtually anyone who has access to the Internet can participate in an ICO,” they point out.
ESMA Warns Participating ICO Firms
ESMA50-157-828 is decidedly more stern in its tone.

Source: News.bitcoin.com

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