Initial coin offering - Revision history

imported>Doug Williamson: Layout.

2022-06-24T21:07:08Z

Layout.

← Older revision		Revision as of 21:07, 24 June 2022
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	==~~Other~~ links==		==External links==

	[http://www.esma.europa.eu/sites/default/files/library/esma50-157-828_ico_statement_firms.pdf ESMA statement November 2017]		[http://www.esma.europa.eu/sites/default/files/library/esma50-157-828_ico_statement_firms.pdf ESMA statement November 2017]

imported>Doug Williamson: Add link.

2021-01-05T18:22:20Z

Add link.

← Older revision		Revision as of 18:22, 5 January 2021
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	* [[European Securities and Markets Authority]]		* [[European Securities and Markets Authority]]
	* [[Financial instrument]]		* [[Financial instrument]]
			* [[Invested capital]]
	* [[Token]]		* [[Token]]

imported>Doug Williamson: Add link.

2020-07-25T19:54:51Z

Add link.

← Older revision		Revision as of 19:54, 25 July 2020
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	* [[European Securities and Markets Authority]]		* [[European Securities and Markets Authority]]
	* [[Financial instrument]]		* [[Financial instrument]]
			* [[Token]]

imported>Doug Williamson: Add header to separate links.

2020-02-26T10:31:56Z

Add header to separate links.

← Older revision		Revision as of 10:31, 26 February 2020
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	ESMA has also noted that ICOs are vulnerable to the risk of fraud or money laundering.		ESMA has also noted that ICOs are vulnerable to the risk of fraud or money laundering.


	ESMA points out:		ESMA points out:
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	* [[Financial instrument]]		* [[Financial instrument]]


			==Other links==

	[http://www.esma.europa.eu/sites/default/files/library/esma50-157-828_ico_statement_firms.pdf ESMA statement November 2017]		[http://www.esma.europa.eu/sites/default/files/library/esma50-157-828_ico_statement_firms.pdf ESMA statement November 2017]

imported>Doug Williamson: Categorise.

2018-05-02T11:22:21Z

Categorise.

← Older revision		Revision as of 11:22, 2 May 2018
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	[http://www.esma.europa.eu/sites/default/files/library/esma50-157-828_ico_statement_firms.pdf ESMA statement November 2017]		[http://www.esma.europa.eu/sites/default/files/library/esma50-157-828_ico_statement_firms.pdf ESMA statement November 2017]

			[[Category:Investment]]
			[[Category:Financial_risk_management]]

imported>Doug Williamson: update layout.

2017-12-12T15:21:39Z

update layout.

← Older revision		Revision as of 15:21, 12 December 2017
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	(ICO).		(ICO).

	Initial coin offering.		Initial coin offering is a high-risk investment scheme in which investors receive interest in cryptocurrencies.

	A high-risk investment scheme in which investors receive ~~interests~~ in cryptocurrencies.


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	ESMA has also noted that ICOs are vulnerable to the risk of fraud or money laundering.		ESMA has also noted that ICOs are vulnerable to the risk of fraud or money laundering.

	It points out: “The price of the coin or token is typically extremely volatile and investors may not be able to redeem them for a prolonged period.		ESMA points out:

			“The price of the coin or token is typically extremely volatile and investors may not be able to redeem them for a prolonged period.

	~~“Another~~ key risk stems from the fact that, depending on how they are structured, ICOs may fall outside of the scope of EU laws and regulations, in which case investors cannot benefit from the protection that these laws and regulations provide.”		Another key risk stems from the fact that, depending on how they are structured, ICOs may fall outside of the scope of EU laws and regulations, in which case investors cannot benefit from the protection that these laws and regulations provide.”

imported>Doug Williamson: Update links.

2017-12-10T14:58:50Z

Update links.

← Older revision		Revision as of 14:58, 10 December 2017
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	* [[Cryptocurrency]]		* [[Cryptocurrency]]
	* [[European Securities and Markets Authority]]		* [[European Securities and Markets Authority]]
			* [[Financial instrument]]


	[http://www.esma.europa.eu/sites/default/files/library/esma50-157-828_ico_statement_firms.pdf ESMA statement November 2017]		[http://www.esma.europa.eu/sites/default/files/library/esma50-157-828_ico_statement_firms.pdf ESMA statement November 2017]

imported>Doug Williamson: Layout.

2017-12-10T14:58:03Z

Layout.

← Older revision		Revision as of 14:58, 10 December 2017
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	“Another key risk stems from the fact that, depending on how they are structured, ICOs may fall outside of the scope of EU laws and regulations, in which case investors cannot benefit from the protection that these laws and regulations provide.”		“Another key risk stems from the fact that, depending on how they are structured, ICOs may fall outside of the scope of EU laws and regulations, in which case investors cannot benefit from the protection that these laws and regulations provide.”


	Turning to issuers, however, ESMA says that some forms of ICOs may be structured in such ways as to be subject to the same regulations as more standard financial instruments.		Turning to issuers, however, ESMA says that some forms of ICOs may be structured in such ways as to be subject to the same regulations as more standard financial instruments.

imported>Doug Williamson: Create page. Sources: ESMA webpage https://www.esma.europa.eu/sites/default/files/library/esma50-157-828_ico_statement_firms.pdf and The Treasurer online December 2017 https://www.treasurers.org/node/342129

2017-12-10T14:38:27Z

Create page. Sources: ESMA webpage https://www.esma.europa.eu/sites/default/files/library/esma50-157-828_ico_statement_firms.pdf and The Treasurer online December 2017 https://www.treasurers.org/node/342129

New page

(ICO).

Initial coin offering.

A high-risk investment scheme in which investors receive interests in cryptocurrencies.

The European Securities and Markets Authority (ESMA) has warned investors that there is a “high risk of losing all of their invested capital as ICOs are very risky and highly speculative investments”.

ESMA has also noted that ICOs are vulnerable to the risk of fraud or money laundering.

It points out: “The price of the coin or token is typically extremely volatile and investors may not be able to redeem them for a prolonged period.

“Another key risk stems from the fact that, depending on how they are structured, ICOs may fall outside of the scope of EU laws and regulations, in which case investors cannot benefit from the protection that these laws and regulations provide.”

Turning to issuers, however, ESMA says that some forms of ICOs may be structured in such ways as to be subject to the same regulations as more standard financial instruments.

ESMA notes that it is “likely” that firms behind ICOs with those features are conducting “regulated investment activities” – in which case, “they need to comply with the relevant legislation”.

Initial coin offerings are sometimes also known as initial public coin offerings (IPCOs).

== See also ==
* [[Cryptocurrency]]
* [[European Securities and Markets Authority]]

[http://www.esma.europa.eu/sites/default/files/library/esma50-157-828_ico_statement_firms.pdf ESMA statement November 2017]