ESMA: "ICOs are very risky"

The European Securities and Markets Authority (ESMA) issued two Statements on Initial Coin Offerings (ICOs)
13 November 2017   1373

The European Securities Market Authority (ESMA) issued an official statement, that warn investors of the extremely risky and speculative nature of the ICO. This is reported by Bloomberg.

In particular, the statement of the financial regulator says that this type of investment is fraught with a complete loss of the invested capital.

ESMA is alerting investors of the high risk of losing all of their invested capital as ICOs are very risky and highly speculative investments. 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. ICOs are also vulnerable to the risk of fraud or money laundering.
 

The ESMA Statement

In addition, the ESMA published a guide for companies implementing the ICO, which states that in many cases they need to ensure compliance with the requirements of EU financial regulation related to providing potential investors with full information about the placement and countering money laundering.

Note that the European regulator first published an official statement on the ICO, despite the fact that other national regulators have repeatedly warned investors about the dangers associated with the initial placement of coins. So, earlier financial regulators of Germany and Great Britain called the ICO "a speculative form of investment."

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Top-3 Ongoing ICO 4th - 10th Nov. Acc. to Our Readers

Let’s check which ICOs from 4th to 10th November are considered the best among our readers
12 November 2018   109

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three upcoming ICO according to our readers.

1. CraftR

The project was born to bring the e-commerce of creative assets to the Web 3.0 world through a decentralized platform, featuring token payments and storage of digital resources made available by freelancers. The platform is targeted to freelancers and developers that want to get involved in a new form of global e-commerce. Vendors will offer self-made products to customers that will be in research of the missing piece to proceed in a stuck point, or simply to learn about new skills. The marketplace will offer a wide range of digital creative assets, fastly accessible and easy to trade. This initiative will let the customers to reach our P2P marketplace, with the intention to purchase or sell their desired product through the CRAFTR payment processor. Our platform will offer zerofees between customers transaction and will only check for its validity. Customers will have total control of their finances.


CraftR

CraftR was able to raise 2000 ETH. Sale is still going. Great results!

2. CryptoRevolution 

Thank to a synergy between a Training Company, a Trading Company and a Technical Advanced Company working in MasterNodes and VPS Services we are able to offer you any kind of service that allows you to know, understand and exploit the cryptocurrency revolution to your advantage. A full training project on the cryptocurrency world is at your disposal and an ecosystem of services connected to it through the use of “CREV” (our utility token) that makes them accessible to everyone and easy to use. Once you have entered into our Ecosystem you can manage everything. General platform is your first step to deposit cryptos and to buy CREV Tokens. After that you can use CREV to buy services for Training, Trading, Mining, Staking and MasterNodes.

CryptoRevolution ICO
CryptoRevolution ICO

There's no news on the raised funds. CryptoRevolution sale is still going.

3. Powershare

Our unequal world desperately needs changes, but the power to change is limited by resources, reserved for the privileged few. We are here to level the playing field; We believe small, personal, local changes are bound to lead to bigger shifts in the society. That’s why we want to make sure every voice has a chance to be heard, every idea has enough fuel to get off the ground. To remove any barriers for the spirit of giving, we created a place where ordinary people can raise money without actually paying money from their pockets. PowerShare is where crowdfunding meets mining for cryptocurrencies - simply by keeping a browser tab open, visitors can convert unused computing power to fund ideas and causes which are important to them or others. And while our algorithm runs to power up a chosen cause, supporters also generate a steady stream of income which turns helping others into a mutually beneficial enterprise. By revolutionizing fundraising, we exist to provide means to change for anyone willing to do so.

Powershare ICO

Powershare ICO

Powershare team hasn't provided any info on tokens sold excapt the pic above.

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