Blockchain Revolution Series: Ernst & Young Features In Top-3 Enterprises Blockchain Solution Provider
Cryptocurrency Derivatives Series: Bitcoin Flirts With Technical Supports & Drifts In Sideways, Uphold Long Hedges
Lambda256 joins South Korea project to develop technology that could track illegal dark web transactions
Spotlight on Bakkt & CME BTC Futures With Mounting Institutional Interests As Bitcoin Bulls Halt $11k
Digital Currency Revolution Series: ETH/USD Bulls Uproar Ahead Of Ethereum 2.0 Testnet, Uphold Long Hedges
Regulatory Series on Cryptocurrencies: BIS Sheds Some Light on Evolution of CBDC Amid Pandemic Covid-19
Digital Currency Revolution Series: Spotlight On FxWirePro’s BTC Long Hedges As Bitcoin Explodes With Fresh 1-Year Highs
Securities Commission Malaysia warns against ICO investments
In an official statement, Securities Commission Malaysia (SC), a statutory body with investigative and enforcement powers, has warned the public against initial coin offerings (ICOs) related investment schemes.
The regulator noted the growing popularity of digital token based fundraising activities in Malaysia and highlighted the potential risks involved in such schemes:
The SC urged investors to also fully understand the features of an ICO scheme, and carefully weigh the risks before parting with their monies.
Regulators across the globe are increasingly warning the investors against ICO related investments. The Securities and Exchange Commission (SEC) recently urged investors to exercise high caution when dealing with ICOs, while China called an immediate ban of all ICO activities. More recently, the Bank of Russia also warned the public saying that it does not guarantee cryptocurrencies, adding that most cryptocurrency-related operations are performed out its legal regulation.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest