The Wikipedia Founder spoke heavily about ICOs in an interview yesterday morning.
Speaking on CNBC, Jimmy Wales said that many ICOs sold in the name of developing new blockchains are ” He said he thought it was a complete money pit.” People entering this space should be vigilant.”
These words from Wales also justify those who do research in the field of ICO. Jay Clayton, head of the SEC, the stock market and capital markets regulator, stated earlier this week that the financial risk in ICOs is even higher than in the days of penny stock spree:
“Market” It is much easier to use the tactic of positively manipulating and selling all shares in ICOs than it is in cheap stocks in the stock market. Because the transaction is completely anonymous and anonymous, it is much harder to catch the bad guys.”
In a document published in July, the SEC stated that digital tokens, like stocks, are “sanctioned under federal rules. ” he stated. Similarly, other legislators voiced their statements.
China and South Korea are not as soft on the issue as the United States. The governments of both countries have banned ICOs wholesale.
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