Isle of Man to Consider ICO Warning Following UK’s Lead

The Isle of Man Financial Services Authority (FSA) said it is considering following the UK financial watchdog’s lead in warning that initial coin offerings (ICOs) are “very high-risk, speculative investments” that could result in investors losing all of their investment.

The UK Financial Conduct Authority (FCA) sounded the alarm over the crypto-currency funding method last week when it warned investors that ICOs are a wholly unregulated space where there are no investor protections and that come laden with the potential for fraud.

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