WSJ: 18.6% of ICOs can be fraudulent
This report joins the rising cases associated with the commercialization of cryptocurrencies that have international governments in expectation
A Wall Street Journal investigation revealed that 271 ICOs out of 1,500 inspected were described as “fraudulent or with deceptive intentions”.
That 18.6% lights up the alarms since several of the most used tactics are the provision of information of false identities, doubtful public profiles, as well as plagiarized White papers.
The WSJ report joins the rising cases associated with the commercialization of cryptocurrencies that have placed the expectation to dozens of governments at international level, prompting the establishment of regulations and restrictive measures that represent an obstacle in exchange houses or sales of products with digital currencies.
For this reason, the Securities and Exchange Commission of the United States, as well as other international entities linked to the United Nations and the European Commission, have proclaimed themselves in favor of dictating measures on ICOs, and many more nations are taking similar measures in the present.
N. Moncada
Source: Coincrispy
Receive this and all our information directly on your cell phone through our channel on Telegram: https://t.me/BitFinanceNews
