Published on November 13th, 2017 | by bitcoin0
Dutch Regulator: ICO Atmosphere is very perils
The high risk of scams and loss of intake combined with the hype around ICOs at the moment is a dangerous cocktail.”
The regulator went on to enumerate a number of possible concerns for investors, including a lack of transparency into some ICO organizers.
The European Securities and Markets Authority, one of the primary markets regulators for the European Union, issued similar warnings today.
The AFM does not have the ability to regulate ICOs, according to Dutch News.
Approximately $3.3 billion has been raised through the ICO model to date, according to the CoinDesk ICO Tracker.