Dutch Regulator: ICO Environment Is a 'Dangerous Cocktail'

Dutch Regulator: ICO Environment Is a ‘Dangerous Cocktail’

Regulators have issued a new warning to investors in the Netherlands about putting money into initial coin offerings (ICOs). The Netherlands Authority for Financial Markets (AFM) – the country’s equivalent to the U.S. Securities and Exchange Commission – published a statement today outlining the risks it sees in the market for new cryptocurrencies, including those issued through the funding model. Merel van Vroonhoven, chairman of the AFM, said in a statement : "Although the AFM sees the possibilities of blockchain technology for financial services, it points to the high risks of ICOs in the current hype. The high risk […]

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