No sooner had China put a ban on ICOs, Initial Coin Offerings, than the following week the FCA issued a statement on their website about how to use them. Should UK companies who use this fundraising system be worried?
Initial Coin Offerings are a means for cryptocurrency companies and Blockchain industries to crowdfund. ICOs release crypto tokens, which are commonly exchanged for Bitcoin, Ether, other crypto currencies and even fiat money as well. The end result sees the company receiving their capital and the participants their crypto token shares, which they …