Russia works out international ICO’s standard

The document can help investors not to throw money out the window
27 November 2017   737

Russia is developing a new standard for assessing confidence of companies, which use ICO. The idea of the document belongs to Russian Association of Blockchain and Cryptocurrency, its director Arseniy Scheltsin believes that such a standard will help investors to avoid unfair ICOs. He also noticed, that ICO’s market is full of swindlers, which manipulate with ratings thus an investor cannot decide exactly, whether to cooperate with the company or not.

The standard will help to appraise companies and their ICOs according to rating points. It is expected that in the future the document will be valid not only for Russia but for other countries too. For that purpose the Association enters into a contract with 30 companies from over the world. The content of the standard will be coordinated with the international community.

Representatives of the Association noticed that this branch is not controlled yet by government and laws. The paper will be a real breakthrough in the issue of ICO’s superintendency.

 

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CFTC to Issue ICO Investor Advisory

Before buying coins, you need to thoroughly study their nature and understand what factors can affect their price, CFTC advises 
17 July 2018   83

The US Commodity Futures Trading Commission (CFTC) published a document with recommendations for potential investors in ICO projects and token buyers. This is reported by Coindesk.

The agency's document says that before buying coins, you need to thoroughly study their nature and understand what factors can affect their price.

Also, a potential buyer should remember that, depending on the structuring, some tokens can be derivatives, commodities or securities.

Buying digital coins or tokens only because you expect to sell them at a higher price later is the definition of speculation and carries considerable risk, regardless of how good a white paper, application or business plan sounds. Unfortunately, fraud is another significant risk to consider. Your best protection is to thoroughly research digital coins or tokens and exercise caution. 
 

CFTC ICO Advisory

The guide also states that before investing in the ICO, it is necessary to find information about the organizers of the project, and also to find out whether they themselves participate in their  ICO.

Representatives of the agency also refer to the study, according to which more than 50% of ICO start-ups ceased to exist during the first four months after the end of the token.