Cryptocurrencies: City watchdog to investigate new fundraising trend
by Jill Treanor from Technology | The Guardian on (#3ATPC)
FCA to escalate scrutiny of initial coin offerings in currencies such as bitcoin, increasingly used by startups
The City regulator is intensifying its scrutiny of initial coin offerings (ICOs) in cryptocurrencies such as bitcoin to establish if new rules are needed for the fast-growing market.
Celebrities such as Paris Hilton, Floyd Mayweather and Harry Redknapp have associated themselves with ICOs, which can be used to raise money for internet startups. Hilton, though, is reported to have deleted some of her tweets.
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