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The FCA’s belated views on the ICOmedy

Summary:
Precious belated advice from the FCA on the topic of ICOs:ICOs are very high-risk, speculative investments.You should be conscious of the risks involved (highlighted below) and fully research the specific project if you are thinking about buying digital tokens. You should only invest in an ICO project if you are an experienced investor, confident in the quality of the ICO project itself (e.g. business plan, technology, people involved) and prepared to lose your entire stake.What are the risks?The FCA lists the key ones as the following: 1) unregulated space; 2) no investor protection; 3) price volatility; 4) potential for fraud; 5) inadequate documentation; 6) early stage projects.Strikingly the FCA also notes:Are ICOs regulated by the FCA?Whether an ICO falls within the FCA’s regulatory

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Precious belated advice from the FCA on

Izabella Kaminska
Izabella Kaminska joined FT Alphaville in October 2008, which was, perhaps, the best time in the world to become a financial blogger. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP’s internal magazine. She has also worked as a reporter on English language business papers in Poland and Azerbaijan and was a Reuters graduate trainee in 2004.

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