While many people consider initial coin offerings to be high-risk investments, the rewards are often worth it for investors throughout the world. However, ICOs remain an unregulated market, and recently, Japan’s Financial Services Agency (FSA) warned of the risks posed by these crowdfunding campaigns. Price volatility and fraud potential The agency commented that the potential for fraud as well as price volatility are danger factors faced by investors in ICOs, but also mentioned that they could be regulated under either the country’s Payment Services Act or the Financial Instruments and Exchange Act. In a recent press statement, the FSA noted: You should have a deal at your
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Japanese Financial Regulator Issues Warning on ICOs
