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|16th November 2017, 19:14||#1|
Join Date: May 2010
EU watchdog snarls about Bitcoin
You can lose everything
Europe’s top markets regulator has warned investors about the pitfalls of buying newly issued crypto coins, an experimental and unregulated form of online crowd funding particularly used by start-up businesses.
But the European Securities and Markets Watchdog (ESMA) said on Monday such Initial Coin Offerings (ICOs) were unregulated, volatile, not transparent and technologically untested.
“ICOs are extremely risky and highly speculative investments,” the agency said, adding there was a risk of “the total loss of your investment”.
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