Ico Investors Need To Do More Research, Says Cftc

2018-7-17 18:45

CFTC tells investors that digital tokens promoted by businesses may either be categorized as securities, derivatives, and commodities, depending on how they are structured.
Once again a U.S regulatory body has issued a new advisory asking ICO investors to do their own homework before putting their hard-earned money into it.
The U.S. Securities and Exchange Commission (SEC) has told several times that to prevent investors from falling prey to such schemes, it is necessary that the digital tokens be treated as securities.
A few months back, the SEC also created a fake ICO website called the HoweyCoins to educate investors about how the fraudulent ICO schemes can look like.
The SEC said:
“If You Responded To An Investment Offer Like This, You Could Have Been Scammed – HoweyCoins Are Completely Fake!

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